Alcoa: $1.5 billion contract with GE Aviation


Alcoa secured approximately $9 billion in aerospace supply contracts in 2015, including this transaction with GE unit GE Aviation.

Alcoa contract with GE AviationAlcoa, global leader in lightweight metals technology, engineering and manufacturing, has signed a long-term contract with GE unit 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 broad range of GE Aviation engine programs.

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” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld.

Alcoa will employ advanced manufacturing capabilities to produce the parts across several facilities including LaPorte, Indiana; Whitehall, Michigan; Hampton, Virginia; Dover, New Jersey; Wichita Falls, Texas; Winsted, Connecticut; Dives, France; and Laval, Canada.

Alcoa Aerospace

Alcoa secured approximately $9 billion in aerospace supply contracts in 2015, including this transaction. 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 market leadership in jet engine and industrial gas turbine airfoils, and aerospace fasteners.