Alcoa supplying parts for military jets under $1.1B pact with Lockheed Martin
By Alex Nixon
Oct. 7, 2015
Alcoa Inc. landed a $1.1 billion contract to supply titanium parts to Lockheed Martin for the military’s F-35 Joint Strike Fighter jet program.
Alcoa said the nine-year deal was enabled by its $1.5 billion acquisition of Moon-based titanium manufacturer RTI International Metals this year.
It’s the second high-profile win for Alcoa’s fast-growing parts manufacturing business this week. The company on Monday said it secured a $1 billion contract to supply fasteners to airplane maker Airbus.[FULL ARTICLE]