by • April 11, 2016 • No Comments
Lightweight metals leader Alcoa (NYSE:AA) has entered into an agreement with Airbus to donate 3D-printed titanium fuselage and engine pylon components for Airbus commercial aircraft. Alcoa expects to donate the initially additive manufactured parts to Airbus in mid-2016.
“We are proud to partner with Airbus to assist pave the way to the next of aerospace development and making,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “The one-of-a-kind combination of our multi-material alloy development expertise, powder production capabilities, aerospace making durablity and product qualification know-how position us to lead in this amazing, emerging space.”
Airbus chose to work with Alcoa for the reason of its comprehensive capabilities, of materials science leadership to additive making and aerospace parts qualification. The agreement can draw on Alcoa’s decades of aerospace experience and new technologies gained through the new acquisition of RTI and organic expansion in Whitehall, Michigan. Alcoa in addition newly invested in 3D-printing and metallic powder production capabilities at its technical center outside of Pittsburgh, Pennsylvania.
Details of this agreement with Airbus were not disclosed.
Alcoa’s aerospace businesses can form part of the Value-Add Company, to be named Arconic, next Alcoa’s separation in the 2nd half of 2016. Arconic can be a premier innovator of high performance multi-material products and solutions in handsome growth markets, that include aerospace. This agreement is Alcoa’s latest with Airbus, assembling on last year’s fastening systems agreement valued at close to $1 billion. That deal was Alcoa’s biggest fastener contract at any time with the aircraft developer. Alcoa’s fasteners fly on at any timey Airbus platform.
A global leader in lightweight metals advancement, engineering and making, Alcoa innovates multi-material solutions that advance our world. Our technologies enhance transportation, of car and commercial transport to air and space travel, and improve industrial and consumer electronics products. We enable smart assemblings, sustainable food and bat any timeage packaging, high-performance defense vehicles across air, land and sea, deeper oil and gas drilling and extra
efficient power generation. We pioneered the aluminum industry over 125 years ago, and in the present day, our extra
than 60,000 folks in 30 countries donate value-add products created of titanium, nickel and aluminum, and create best-in-class bauxite, alumina and major aluminum products. For extra
information, visit www.alcoa.com, follow @Alcoa on Twitter at www.twitter.com/Alcoa and follow us on Facebook at www.facebook.com/Alcoa.
In the 2nd half of 2016, Alcoa can separate into two industry-leading, Fortune 500 companies. The advancement and advancement-driven Value-Add Company can include Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The globally competitive Upstream Company can comprise five sturdy business units that in the present day manufacture up Global Primary Products—Bauxite, Alumina, Aluminum, Cast Products and Energy.
Forward Looking Statements Forward-Looking Statements
This release contains statements that relate to next events and expectations and as such constitute forward-looking statements inside the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as “anticipates,” “estimates,” “expects,” “may,” “plans,” “projects,” “should,” “can,” “would,” or other words of much like meaning. All statements that reflect Alcoa’s expectations, assumptions or projections of the next other than statements of historical fact are forward-looking statements, that include, without limitation, statements regarding the separation transaction; the next performance of Value-Add Company if the separation is completed; projections of competitive position, market share, growth opportunities, revenues or other financial items of Value-Add Company; the expected timing of completion of the separation; and projections regarding growth of the aerospace and other end markets. Forward-looking statements are not guarantees of next performance and are subject to risks, uncertainties, and changes in circumstances that are complex to predict. On the other hand Alcoa believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can donate no assurance that these expectations can be earned
and it is possible that actual outcomes may differ materially of those indicated by these forward-looking statements due to a variety of risks and uncertainties. Such risks and uncertainties include, but are not limited to: (a) uncertainties as to the timing of the separation and whether it can be completed; (b) the possibility that different types of closing conditions for the separation may not be satisfied; (c) failure of the separation to qualify for the expected tax treatment; (d) the possibility that any third-party consents required in connection with the separation can not be received; (e) the impact of the separation on the businesses of Alcoa; (f) the risk that the businesses can not be separated that successfully or such separation may be extra
complex, time-consuming or costly than expected, that may outcome in extra
demands on Alcoa’s resources, systems, procedures and controls, disruption of its ongoing business and diversion of management’s attention of other business concerns; (g) the future failure to retain key employees while the separation transaction is pending or after it is completed; (h) deterioration in global economic and financial market conditions generally; (i) unfavorable changes in the markets served by Alcoa, that include the aerospace market; (j) Alcoa’s inability to realize expected benefits, in every case as planned and by targeted completion dates, of the separation transaction or of acquisitions and expansions; and (k) the other risk facts discussed in Alcoa’s Form 10-K for the year ended December 31, 2015, and other reports filed with the U.S. Securities and Exchange Commission. Alcoa disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, next events or otherwise, except as required by applicable law. Market projections are subject to the risks discussed above and other risks in the market.
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