Alcoa strikes multibillion-dollar supply contract with Boeing

By Paul Ploumis (ScrapMonster Author)

December 21, 2015 07:47:34 AM

ALBANY (Scrap Monster): New York-based Alcoa Inc. has entered into a multi-dollar long term supply contract with Boeing. The contract covers supply of fastener systems to Boeing and is valued at more than $2.5 billion. The deal is considered as the largest fastener deal ever. The aluminum major will also supply titanium seat track assemblies for Boeing’s 787 Dreamliner family of airplanes.

As part of the new contract, Alcoa Fastening Systems & Rings will supply advanced titanium, stainless steel, alloy steel, aluminum and nickel-based superalloy fastening systems to various Boeing platforms such as the 777X, the 737 MAX and the 787 Dreamliner. These fastening systems will be produced in seven manufacturing facilities across the world.

Also, Alcoa Titanium & Engineered Products (ATEP) has been awarded the sole supplier status for supply of ready-to-install titanium seat track assemblies for all three members of the 787 Dreamliner family of airplanes-787-8, 787-9 and 787-10. The company, earlier known as RTI International Metals (RTI) had provided seat tracks for the 787-9 and 787-8 variants, under a contract signed in 2007.

The new contract is on top of the earlier deal entered into between the two companies last year. The multi-year deal valued over $1 billion was towards supply of aluminum sheet and plate products.

Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 125 years.

Boeing is the world's leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined. Additionally, Boeing designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems.