Allegheny Bags Contract – Analyst Blog
Zacks Market Commentaries (September 9th, 2009) Writes:
On Sep 8, Allegheny Technologies Incorporated (ATI), one of the largest and the most diversified specialty metals producers in the world, signed a ten-year agreement with Rolls-Royce plc, the British aircraft engine maker for the supply of nickel-based superalloy disc-quality products for commercial jet engine applications. The agreement covers products sold by ATI Allvac, a subsidiary of Allegheny Technologies, to Rolls- Royce first tier suppliers (forgers).
The Downtown Pittsburgh-based company anticipates revenue of $750 million to $1 billion from the contract. The work associated with the new contract will be performed at Allegheny Technologies new Baker, North Carolina , titanium and superalloy forging facility, scheduled to be completed this year. The North Carolina project is in addition to Allegheny Technologies pre-construction permitting for its $1.2 billion hot strip mill and processing facility at its Brackenridge complex. Production at the Brackenridge complex is expected to begin in 2012. ...
Tags for this Post:
aerospace, aircraft engine maker, Allegheny Technologies Incorporated, Allegheny;, Analyst, ATI Allvac, Baker;, Brackenridge complex, cent;, electrical energy;, food equipment, jet engine applications, nickel-based superalloy disc-quality products, North Carolina, Oil And Gas, Pittsburgh, Rolls-Royce plc, Stocks to Watch, tier suppliers, USD, Zacks Market Commentaries
aerospace, aircraft engine maker, Allegheny Technologies Incorporated, Allegheny;, Analyst, ATI Allvac, Baker;, Brackenridge complex, cent;, electrical energy;, food equipment, jet engine applications, nickel-based superalloy disc-quality products, North Carolina, Oil And Gas, Pittsburgh, Rolls-Royce plc, Stocks to Watch, tier suppliers, USD, Zacks Market Commentaries


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