Lightweight metals leader Alcoa (NYSE: AA) said it has signed an approximately USD1 billion contract with Airbus for high-tech, multi-material aerospace fastening systems.
The deal is Alcoa´s largest fastener contract ever with the aircraft manufacturer. Alcoa´s fasteners fly on every Airbus platform.
Alcoa´s fasteners will be used to assemble some of Airbus´s latest high-growth airplanes, including the A350 XWB, Airbus´ newest commercial airplane, and the A320neo. In addition, Airbus will use Alcoa´s fastening systems for longer-running platforms including the A330.
As part of this agreement, Alcoa will supply advanced fastening systems, such as those that enhance the assembly of aircraft panels and engine pylons on newer airplanes with sophisticated design features.
A global leader in lightweight metals technology, engineering and manufacturing, Alcoa innovates multi-material solutions to enhance transportation, from automotive and commercial transport to air and space travel, and improve industrial and consumer electronics products.