Alcoa Promotes Vas Nair to Executive Vice President, Human Resources and Environment, Health, Safety and Sustainability

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Alcoa (AA) Wins $1.1B Lockheed Martin (LMT) Contract for Titanium Supply to F-35 Lightning II Program

October 7, 2015 9:30 AM EDT

Alcoa (NYSE: AA) announced a contract to supply titanium for Lockheed Martins (NYSE: LMT) F-35 Lightning II aircraft program, also known as the Joint Strike Fighter (JSF). Under the contract, Alcoa becomes the titanium supplier for airframe structures for all three variants of the F-35 over nine years, from 2016 to 2024. At current projected build rates, the contract has an estimated value of approximately $1.1 billion.

Alcoa will supply titanium plate and billet from several operations gained through the... More