Lightweight metals leader Alcoa (NYSE: AA) today officially opened its state-of-the-art jet engine parts facility in La Porte, Indiana. The facility doubles Alcoa’s capacity in La Porte and provides new capabilities that broaden its reach in engines for large commercial aircraft. The new plant will meet increasing demand from makers of best-selling jet engines, growing Alcoa’s value-add business in aerospace [...]
Lightweight metals leader Alcoa (NYSE:AA) today announced that it will host its annual Investor Day on Wednesday, November 4, 2015 in Grand Rapids, Michigan. The event will be webcast live starting at 8:00 a.m. EST via Alcoa's website at www.alcoa.com/investorday. Presentation materials will be available online. At the event, Alcoa senior executives will discuss the Company’s continuing transformation as it prepares [...]
Lightweight metals leader Alcoa (NYSE:AA) today reported a third quarter profit as its value-add and upstream portfolios delivered solid results in the face of strong market and currency headwinds. Alcoa has been transforming by building its value-add portfolio for profitable growth and creating a globally competitive upstream business. The Company’s successful multi-year transformation will culminate with the [...]
Lightweight metals leader Alcoa (NYSE: AA) today announced a contract to supply titanium for Lockheed Martin’s (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 [...]
Lightweight and high performance metals leader Alcoa (NYSE: AA) today announced that Vas Nair, Chief Talent and Diversity Officer, is appointed Executive Vice President, Human Resources and Environment, Health, Safety and Sustainability, effective immediately. Nair succeeds Roy Harvey who earlier today was named President of Global Primary Products. Nair will report to Klaus Kleinfeld, Chairman and Chief Executive [...]
Lightweight and high performance metals leader Alcoa (NYSE:AA) today announced that Roy Harvey, Executive Vice President, Human Resources and Environment, Health, Safety and Sustainability, is appointed President of Global Primary Products (GPP), succeeding Bob Wilt, effective immediately. Harvey previously served as both Chief Operating Officer and Chief Financial Officer of GPP, Alcoa’s upstream business. The [...]
Lightweight metals leader Alcoa (NYSE:AA) has signed an approximately $1 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. This Smart News Release features multimedia. View the full release here [...]
Alcoa (NYSE:AA) will hold a conference call on Thursday, October 8 beginning at 5:00 p.m. EDT to discuss third quarter 2015 results and business developments. The conference call will be webcast live via Alcoa's website, www.alcoa.com, with presentation materials available online at 4:15 p.m. EDT. Conference Call Information Time: 5:00 – 6:00 p.m. EDT Hosts: Klaus Kleinfeld, Chairman and Chief [...]
NEW YORK, Sept. 29, 2015 /PRNewswire/ -- Alcoa Inc. (NYSE-MKT: AA) shares closed at $9.52 in yesterday's session, up 5.73%. The company announce they are splitting the company in two. This will result in one half that consists of mining and aluminum production. The other half will service the auto, aerospace, castings, titanium, and high strength aluminum and aircraft industries. As a result share volume was more than [...]
Lightweight metals leader Alcoa (NYSE:AA) is today announcing that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies, culminating Alcoa’s successful multi-year transformation. The separation will launch two industry-leading, Fortune 500 companies. The globally competitive Upstream Company will comprise five strong business units that today make up [...]
The Board of Directors of Alcoa today declared (a) a quarterly common stock dividend of 3 cents per share payable November 25, 2015 to holders of record of the common stock at the close of business on November 6, 2015; and (b) a dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock (“Class A Stock”) payable January 1, 2016 to holders of record of the Class A Stock at the close of [...]
Lightweight metals leader Alcoa (NYSE: AA) today announced it has completed an expansion at its Tennessee facility dedicated to supplying aluminum sheet to the automotive industry. The plant will provide aluminum sheet to automakers that include Ford Motor Company, Fiat Chrysler Automobiles and General Motors. “Automakers are demanding lighter, stronger materials that improve the performance of their vehicles and [...]