Alcoa wins another Boeing contract
VANCOUVER (miningweekly.com) – US alloys specialist Alcoa has won another long-term supply agreement with Boeing for multi-material aerospace parts, including for its latest commercial aircraft, the 777X, as well as the 737 MAX – scheduled for first delivery in 2017, and the 787 Dreamliner.
The deal drew on capabilities gained through the $2.85-billion acquisition of Firth Rixson last year and the company’s new aluminium-lithium facility in Lafayette, Indiana.
Alcoa Forgings and Extrusions would supply differentiated components for Boeing’s airplanes, including the wing, fuselage and landing gear.
“This is the latest in a series of Boeing contract wins made possible by Alcoa’s recent aerospace investments. Alcoa has successfully built a strong leadership position in this market and we are proud to see our home-grown innovations and new products create value for our customers,” Alcoa chairperson and CEO Klaus Kleinfeld stated on Thursday.
The deal was the fourth multiyear agreement recently announced with Boeing. In December 2015, Alcoa announced long-term supply contracts with Boeing for fastening systems and titanium seat track assemblies. In September 2014, Alcoa announced a significant Boeing contract win that established Alcoa as a sole supplier of wing skins on all of Boeing’s metallic structure airplanes.
Alcoa had secured about $10-billion in aerospace contracts since the start of 2015, including the Boeing transactions.
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