Alcoa Inc said on Monday it had signed a $1.5 billion long-term contract with General Electric Co's aviation unit to supply components used in aircraft engines.
The aluminum producer will provide advanced nickel-based superalloy, titanium and aluminum components for engines and parts made by GE.
The company did not specify the period covered by the contract, which was first reported by the Wall Street Journal.
Alcoa said it would make the parts in six U.S. states as well as in France and Canada.
Alcoa, which reports fourth-quarter results later on Monday, said in September it would break itself in two, separating its faster-growing aircraft and car parts business from its traditional smelting operations as shareholders seek higher returns amid a slump in metal prices.
The company said last week it would close its 269,000 tonne-per-year Warrick smelter in Evansville, Indiana - the largest operating smelter in the United States.
The closure will leave Alcoa with just one active U.S. smelter, the 130,000 tonne-per-year Massena West plant in New York state.
SD Government, a Gogo company serving the military and government markets, announced today that it has secured a multi-year framework contract from the U.S. Department of Commerce's National...
Cirrusannounced its new SR Series Annual Flight Review Course, a Cirrus Approach module designed to promote continuous flight training, pilot proficiency, and safety for all pilots, inc...
For over 25 years, Jetfly has stood out in Europe as a pioneer of a distinctive shared ownership model in business aviation. Designed to offer the flexibility of private aviation without the constrain...
Avflight, alongside Detroit City leadership, proudly celebrated the ribbon cutting of a new, state-of-the-art facility at Coleman A. Young International Airport (KDET) on Wednesday, June 3. The n...