Global lightweight metals group Alcoa has entered a long-term agreement with General Electric’s aviation unit, GE Aviation, to provide aircraft engine components.
The contract is valued at more than $1.5bn.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Under the agreement, Alcoa will provide advanced nickel-based superalloy, titanium and aluminum engine parts for various engine programmes of GE Aviation.
Alcoa CEO Klaus Kleinfeld said: "We greatly appreciate GE’s continued confidence in Alcoa’s aerospace capabilities, and are proud to support its advanced jet engine programmes through this agreement."
Alcoa will manufacture engine parts across various sites such as LaPorte in Indiana, Whitehall in Michigan, Hampton in Virginia, Dover in New Jersey, Wichita Falls in Texas, Winsted in Connecticut, Dives in France and Laval, Canada.
A GE spokesperson was quoted by International Business Times saying that Alcoa was ‘an important player in a historically high-production phase’ and that GE and partner companies have ‘a backlog of more than 15,000 commercial engines to deliver over the next several years.’
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe latest deal brought Alcoa’s aerospace supply contracts for 2015 to $9bn.
In December, Alcoa secured a $2.5bn deal to supply multi-material fastening systems for every Boeing platform. The company will also supply ready to install titanium seat track assemblies for the entire 787 Dreamliner family.
Under the deal, Alcoa Fastening Systems & Rings will supply advanced titanium, stainless steel, alloy steel, aluminum and nickel-based superalloy fastening systems for every Boeing platform, including the 777X, 737 MAX and the 787 Dreamliner.
Image: Alcoa will provide advanced engine parts for various engine programmes of GE Aviation. Photo: courtesy of bugtiger / FreeDigitalPhotos.net.
