Alcoa reaches $1 billion supply agreement with Airbus

[News_Editor]

Alcoa reaches $1 billion supply agreement with Airbus

2011-06-25 06:02:00 GMT+7 (ICT)

LE BOURGET, FRANCE (BNO NEWS) -- Alcoa on Friday announced that it had reached a new multi-year supply agreement with Airbus worth approximately $1 billion.

Alcoa, a leader in primary and fabricated aluminum production, as well as the world's largest miner of bauxite and refiner of alumina, said it would be supplying Airbus with aluminum sheet and plate products.

The Alcoa flat rolled products will be supplied from the Company’s plants in Davenport, Iowa in the U.S., Kitts Green in the U.K., and Belaya Kalitva in Russia, and the company's aluminum solutions will be used across virtually all Airbus commercial aircraft programs, from short-range/single-aisle to long-haul/twin-aisle jets including the A380 and range from fuselage panels to structural components to Airbus' newest wing skins.

With approximately 59,000 employees in 31 countries across the world, Alcoa's aerospace business comprises 4 units with international operations totaling approximately $3 billion in revenues.

The agreement was reached this week at the Paris Air Show by executives of both companies, but terms of the agreement were not disclosed.

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