New York – Alcoa officials have signed a long-term contract with GE Aviation for jet engine components in an agreement valued at more than $1.5 billion throughout 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 secured approximately $9 billion in aerospace supply contracts in 2015, including this transaction.
Source: Alcoa