ATI and Boeing Extend and Expand Long-Term Titanium Supply Agreement
The extension agreement covers value-added titanium mill products and provides opportunity for greater use of ATI's next-generation and advanced titanium alloys in both long product and flat rolled product forms.
“We are pleased to extend and expand our titanium products supply agreement with Boeing,” said Rich Harshman, chairman, president and chief executive officer. “The new agreement enhances and solidifies our strategic relationship with The Boeing Company and recognizes the ongoing requirement to provide enabling technology, increased value-added titanium products, and supply chain efficiency.
“Through this expanded and extended agreement, ATI is well-positioned to participate in Boeing’s significant growth into the next decade. ATI’s strategic investments, acquisitions, and new product development provide the capacity and unique capability to produce titanium products from raw material (titanium sponge) to value-added mill products, including next-generation and advanced titanium alloys in both long product and flat-rolled product forms.”
Allegheny Technologies Inc. is one of the largest and most diversified specialty metals producers in the world with revenues of approximately US$4.6 billion for the twelve months ending June 30, 2013. ATI has approximately 10,900 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, construction and mining, and machine and cutting tools. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, engineered forgings and castings, zirconium, hafnium, and niobium alloys, grain-oriented electrical steel, stainless and specialty steels, and tungsten materials.