50 SKY SHADES - World aviation news

Alcoa gets $1.5 billion supply contract from GE's aviation unit

Download: Printable PDF Date: 12 Jan 2016 07:00 (UTC) category:
Publisher:
Alcoa gets $1.5 billion supply contract from GE's aviation unit - Manufacturer publisher
Tatjana Obrazcova
Source: Reuters

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.





Recommended

Gogo secures $7.5 million NOAA contract, providing mission-critical communications services for ‘hurricane hunter’ aircraft

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...

Cirrus promotes aviation safety with new annual flight review course for pilots

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...

Jetfly is redefining business aviation with its Shared Ownership Program

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, City of Detroit celebrate new FBO facility at Detroit City Airport

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...

Android Apps development in Riga, Latvia