Alcoa to Supply Aluminum Sheet to Spirit AeroSystems
Alcoa signed a long-term agreement to supply aluminum sheet to Spirit AeroSystems Inc. in a contract valued at approximately $290 million over five years. Alcoa will provide Spirit with aluminum sheet products for fuselage skins from its Davenport (Iowa) facility, which houses the world’s largest and most advanced aluminum rolling mill. Spirit is one of the largest designers and manufacturers of aerostructures for commercial, military, business and regional jets in the world. Alcoa recently increased its 2014 global aerospace growth expectation because of strong demand for both large commercial aircraft and regional jets.