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.
Rolls-Royce Pearl 700 engines successfully powered the first flight of the Gulfstream G800 using 100% Sustainable Aviation Fuel. The flight was part of Gulfstream Aerospace’s high-altitude fligh...
Horizon Aircraft has selected BETA Technologies to supply its advanced flight control computers on the Company’s full-scale hybrid-electric VTOL aircraft, the Cavorite X7. Through this...
Garmin announced AXIS, an all-new family of flight displays, designed from the ground up to offer a highly integrated and flexible cockpit display solution. AXIS brings Garmin's latest a...
AMAC Aerospace launches AMAC Academy, a new aircraft maintenance training program designed to develop highly skilled aircraft maintenance professionals through an industry-focused, hands-on learn...