ATI Reaches Long-Term Agreement for Forgings
Allegheny Technologies Inc. (ATI) extended and expanded its long-term supply agreements (LTA) for closed-die forgings and mill products with a major jet-engine OEM. One LTA covers closed-die forgings, including parts made using advanced isothermal and hot-die forging processes. The other LTA covers a wide range of premium-quality titanium-based alloy and nickel-based superalloy mill products. The agreements begin in 2015 and continue into the next decade. According to ATI, the forged-parts agreement significantly increases the content and growth trajectory for its forgings on leading single-aisle and business jet-engine programs.