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.