Alcoa Wins Titanium Contract with Lockheed Martin for F-35 Joint Strike Fighter

Oct 7, 2015 ASDNews Source : Alcoa

Lightweight metals leader Alcoa today announced a contract to supply titanium for Lockheed Martin’s (NYSE: LMT) F-35 Lightning II aircraft program, also known as the Joint Strike Fighter (JSF). Under the contract, Alcoa becomes the titanium supplier for airframe structures for all three variants of the F-35 over nine years, from 2016 to 2024. At current projected build rates, the contract has an estimated value of approximately $1.1 billion.

Alcoa will supply titanium plate and billet from several operations gained through the RTI International Metals acquisition.

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