Oct. 1, 2014
Alcoa Signs $1 Billion Supply Deal with Boeing
Alcoa has signed a long-term contract to supply aluminum sheet and plate products to Boeing, the world's largest aerospace company. The multiyear contract is valued at more than $1 billion.
"This historic agreement not only continues the 35-year Alcoa-Boeing partnership, it will take our collaboration on next-generation metallic technologies even further," says Klaus Kleinfeld, Alcoa chairman and CEO.
Notably, the agreement makes Alcoa sole supplier to Boeing for wing skins on all of its metallic structure airplanes. Alcoa plate products, used in applications such as wing ribs, wing skins or other structural parts of the aircraft, will also be on every Boeing platform, including the 787 Dreamliner.
Finally, the agreement establishes a foundation for continued collaboration on new, high-strength and corrosion-resistant alloys, including aluminum-lithium, that could be used for complex structural applications.