ATI Announces Purchase Agreement with Pratt & Whitney
Allegheny Technologies Inc. (ATI) and Pratt & Whitney (P&W), a United Technologies Corporation company, entered into a long-term purchase agreement (LTPA) in which ATI will supply isothermal forgings and nickel-based powder alloys for P&W's next-generation jet engines. The agreement is expected to continue through the life of the engine programs. For the period 2017 to 2030, the LTPA is expected to generate revenues in excess of $1 billion.
“Through this agreement, ATI significantly increases its content on the GTF engine as well as on the P&W F135 engine for the Joint Strike Fighter program,” said Rich Harshman, ATI’s chairman, president and CEO. “We believe this LTPA recognizes our leading technologies, broad manufacturing capabilities and operating reliability within the jet-engine supply chain made possible by ATI’s integrated capabilities from nickel-based alloy powders through isothermal forgings to machined parts.”