Allegheny Technologies Incorporated (NYSE: ATI), a global leader in the production of technically advanced specialty materials and components, has fored a joint venture (JV) with GE Aviation for the development of a new meltless titanium alloy powder manufacturing technology, the company said.
The JV will construct a new R&D pilot production facility. The titanium alloy powders are being developed for use in additive manufacturing applications, including 3D printing.
ATI will provide operational, technical, and project support to the joint venture. The joint venture will leverage ATI´s technology, manufacturing, and quality leadership in the production of specialty metal powders and premium-quality titanium and nickel-based alloys for critical and technically advanced applications.
The JV will also draw upon GE Aviation´s engineering and development capabilities and technical knowledge of the use of alloyed titanium powders.
ATI is a global manufacturer of technically advanced specialty materials and complex components. With revenue of USD 3.2 billion for the 12-month period ending March 31, 2017, its largest market is aerospace & defense, particularly jet engines.
With 84 facilities and 44,000 employees worldwide, GE Aviation, an operating unit of GE (NYSE: GE), is a provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft.