Alcoa and The Boeing Company renewed their long-standing supply arrangement with a new deal that makes Alcoa the sole supplier of aluminum sheet for wing skins on Boaing aircraft, and places Alcoa plate products on every product platform across Boeing’s commercial aircraft and defense, space and security systems.
The actual terms of the contract were not revealed, though Alcoa described it as a multi-year agreement worth more than $1 billion.
Alcoa has a number of supply agreements in place with large, industrial consumers of aluminum (and titanium) including Boeing. It’s also making efforts to expand the scale of its supply to customers in the aircraft customers – including capital expansion plans for two aerospace investment casting operations, and purchasing Firth Rixson Ltd., a chain of aerospace forging operations.
Boeing and Alcoa have had a series of supply agreements over several years, covering different products and materials, including some titanium as well as aluminum alloys, in semi-finished products like sheet and plate as well a finished products like castings, forgings, or machined parts.
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