Alcoa and Airbus Sign $1.4B Agreement

More work could be coming to Alcoa’s Davenport Works.

Alcoa has signed a multi-year $1.4 billion supply agreement with Airbus. Under the contract, Alcoa will supply Airbus with its aluminum sheet, plate, and hard-alloy extruded products. Davenport Works, as well as a plant in the United Kingdom and Russia, will supply Airbus with its flat-rolled products. Alcoa’s hard-alloy extruded products will be supplied from the company’s plants in Indiana, Maryland, and Germany.

The products are made from the manufacturer’s current, advanced-generation and aluminum-lithium alloys and will be used on several of Airbus’ planes to make them lighter and more fuel-efficient.

The automobile industry is already working towards that goal and Alcoa is following suit. Right now, workers are completing a $300 million expansion project at Davenport Works to meet those needs. The expansion is creating 150 temporary construction jobs and 150 permanent jobs. It will be finished later this year.



Follow

Get every new post delivered to your Inbox.

Join 840 other followers