Alcoa has announced a long-term supply agreement with Boeing for multi-material aerospace parts.

Under this agreement, Alcoa will supply components for the 777X¡ªBoeing¡¯s newest commercial airplane¡ªthe 737 MAX¡ªscheduled for first delivery in 2017¡ªand the 787 Dreamliner. The deal draws on capabilities gained through the Firth Rixson acquisition and the company¡¯s new aluminium-lithium facility in Lafayette, Indiana.

¡°This is the latest in a series of Boeing contract wins made possible by Alcoa¡¯s recent aerospace investments,¡± said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. ¡°Alcoa has successfully built a strong leadership position in this market and we are proud to see our home-grown innovations and new products create value for our customers.¡±

Under the new agreement, Alcoa Forgings and Extrusions will supply differentiated components for Boeing¡¯s airplanes, including the wing, fuselage, and landing gear. These include:

- Advanced titanium landing gear parts and complex titanium nacelle fittings for the 737 MAX, made using specialised presses gained through the Firth Rixson acquisition;
- Boeing¡¯s first-ever aluminium-lithium extrusion produced at Alcoa¡¯s Lafayette facility for the 777X cargo floor, helping save weight and improve corrosion resistance; and
- Large, near net shaped parts that improve the efficiency and help reduce the costs of Boeing¡¯s in-house machining.

This transaction is the fourth multi-year agreement recently announced with Boeing. In December 2015, Alcoa announced long-term supply contracts with Boeing for fastening systems and titanium seat track assemblies. In September 2014, Alcoa announced a significant Boeing contract win which established Alcoa as a sole supplier of wing skins on all of Boeing¡¯s metallic structure airplanes.

Alcoa has secured approximately $10 billion in aerospace contracts since the start of 2015, including the Boeing transactions, drawing on the Company¡¯s growing aerospace portfolio.

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