Alcoa Announces $2.5 Billion Supply Contracts with Boeing
Alcoa announced long-term supply contracts with Boeing valued at over $2.5 billion. The company will supply multi-material fastening systems for every Boeing platform in its largest fastener deal ever. Alcoa will also supply ready-to-install titanium seat-track assemblies for the entire 787 Dreamliner family. Under one contract, Alcoa Fastening Systems & Rings will supply advanced titanium, stainless steel, alloy steel, aluminum and nickel-based superalloy fastening systems for every Boeing platform, including the 777X, the 737 MAX and the 787 Dreamliner. Alcoa will produce these fastening systems at seven of its global manufacturing facilities.
Alcoa announced a second agreement under which it is the sole supplier of ready-to-install titanium seat-track assemblies for all three members of the 787 Dreamliner family of airplanes. Seat tracks are critical structural assemblies that mount to the floor of the airplane, secure passenger seats and reinforce the structure of the fuselage. Alcoa is supplying the seat tracks, from raw material to finished part, by utilizing its titanium ingot melting and billetizing, extrusion, machining, processing and assembly capabilities gained through its acquisition of RTI International Metals in 2015.