Metals specialist Alcoa (New York, NY, US) reported on Jan. 11 that it has signed a long-term contract with GE Aviation for jet engine components in an agreement valued at more than $1.5 billion over the contract life. Under the deal, Alcoa will supply advanced nickel-based superalloy, titanium and aluminum components for a range of GE Aviation engine programs.
Alcoa will employ advanced manufacturing capabilities to produce the parts across several facilities including LaPorte, IN; Whitehall, MI; Hampton, VA; Dover, NJ; Wichita Falls, TX; Winsted, CT (all in the US); and Dives, France; and Laval, Canada.
“We greatly appreciate GE’s continued confidence in Alcoa’s aerospace capabilities, and are proud to support its advanced jet engine programs through this agreement,” says Alcoa chairman and CEO Klaus Kleinfeld.
Alcoa’s aerospace businesses will form part of the new Value-Add Company, to be launched following Alcoa’s previously announced separation in the second half of 2016. The Value-Add Company will be a differentiated supplier to the high-growth aerospace industry with leading positions on every major aircraft and jet engine platform, underpinned by leadership in jet engine and industrial gas turbine airfoils, and aerospace fasteners.
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Part of the development strategy will focus on two new sectors for the company: aerospace and automotive.