The long-term $470 mln contract makes Alcoa sole supplier to Embraer for proprietary wing skins and fuselage sheet on the E2 line of jets.
Alcoa (NYSE:AA) announced a long-term contract with Embraer valued at approximately $470 million. Under the multiyear agreement, Alcoa will supply aluminum sheet and plate for Embraer’s new E2s, the second generation of its E-Jets family of commercial aircraft, scheduled to enter into service in 2018.
“The partnership is rooted in constant innovation and this contract is further proof of that strength. Our patented alloys enable us to support our customer’s game-changing E2 program, and we’re proud that Alcoa will fly with Embraer” said Mark Vrablec, President of Alcoa’s Aerospace & Automotive Products business.
“Alcoa offers a good combination of technical expertise and industry leading material and capabilities. Because we needed the best material in the business, Alcoa offers the best solution.” said Fernando Queiroz, Embraer Vice President, Supply Chain.
The long-term agreement makes Alcoa sole supplier to Embraer for proprietary wing skins and fuselage sheet on the E2 line of jets. Other Alcoa plate products are also part of the contract and will be featured on the E2 as well as KC-390 military transport aircraft and executive jets.