Alcoa expands aerospace strategy

Author: Paul Ploumis
07 Jan 2015 Last updated at 04:56:25 GMT
WASHINGTON (Scrap Monster): The profit earned by the company hiked up in the third quarter of the year 2014, on the basis of the good result of the company across its downstream, and the legacy owned by it in the primary aluminum business, which is supported by high aluminum pricing as well as productivity gains. The revenues as well as the adjusted earnings along with the Zacks Consensus Estimates.

The company has seen strength in the aerospace as well as in the automotive markets. The company is also witnessing healthy airline fundamentals, and it has also reaffirmed the company’s global growth expectations, which is, 8-9 percent for the aerospace sector, for the year 2014, with the support of solid demand, for both commercial as well as aircraft as well as regional jets.

The company, recently has been following on plans to expand its aerospace strategy. In the month of November 2014, the company completed its take over on the  Firth Rixson, a UK based Jet engine component maker, from Oak Hill Capital Partners, a private equity firm, in a deal which was worth 2.85 billion dollars. The acquisition of the firm has allowed the company to specialize on the segment of jet engine forgings.

The company has also made a deal worth more than 2billion dollars with Boeing and Pratt and Whitney, which is another attempt to strengthen the company’s aerospace business this deal would make the company a prominent supplier of wing skins on all of BPW’s metallic structure planes

In addition, the company, has also made another push into the growing market of aerospace in the last month, as the company is on the verge to buy Tital, a German based supplier of titanium and also aluminum structural casting.