Alcoa (NYSE: AA) and the U.S. Army Research Laboratory have launched a cooperative effort to develop an aluminum solution to a grave threat to soldier safety: Improvised Explosive Devices (IEDs). The solution, a single-piece aluminum hull for ground combat vehicles, would replace today’s assembled hulls and deliver even greater strength and durability. In addition to safety benefits, the single-piece hull would reduce [...]
Alcoa (NYSE:AA), the inventor and global leader of forged aluminum wheels, today rolled out the most advanced aluminum wheel alloy in 45 years. The new material opens the door for lighter weight wheels at increased strength with the same corrosion-resistant characteristics as the industry standard, also made by Alcoa. Alcoa expects to introduce a new, state-of-the-art wheel featuring the alloy in early 2014. ...
Alcoa (NYSE: AA) today announced that the smelter at the Ma’aden-Alcoa joint venture, which remains in initial start-up phase, has halted production on one of two potlines. The temporary shutdown was undertaken after a period of pot instability. The joint venture is actively working to restore the potline, and it is expected to be completed and back online between the first and second quarter of 2014. The ramp-up of [...]
Alcoa (NYSE:AA) today announced that Graeme Bottger has been named Executive Vice President and President of Global Business Services (GBS). Assistant Controller Robert Collins will succeed Bottger in the role of Vice President and Controller. These changes take effect on October 21st. Mark Davies, who has been President of GBS since 2012, will be taking a role outside of the Company. Graeme Bottger has been named...
Alcoa (NYSE: AA) today announced its latest armor product is now specified for use by the U.S. Army Research Lab (ARL) for use in U.S. military vehicles. Alcoa’s ArmX® 5456-H151 armor plate meets the U.S. military’s highest performance standards for strength, blast absorption, and ballistics resistance for armored combat vehicles where weldability is a material requirement. Alcoa aluminum and armor have been used by the [...]
SUGAR LAND, TX--(Marketwired - Oct 10, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Aluminum producer Alcoa Inc. (NYSE:AA) (Pittsburgh, Pennsylvania) reported overall improvement in the third quarter of 2013, as a solid operating performance led to productivity gains that helped overcome weak prices in the metal markets. Industrial Info is tracking mor...
Alcoa (NYSE:AA) today reported a sequential and year-over-year increase in third quarter profit for 2013 driven by strong operating performance and productivity gains, in spite of lower metal prices. Alcoa reported third quarter 2013 net income of $24 million, or $0.02 per share, which includes $96 million of special items primarily tied to optimizing the Company’s upstream portfolio. Excluding the impact of special [...]
Alcoa (NYSE:AA) will hold a conference call on Tuesday, October 8, 2013 beginning at 5:00 p.m. (Eastern Time) to discuss Third Quarter 2013 results and business developments. The conference call will be webcast live via Alcoa's website, with presentation materials available on-line. Conference Call Information Time: 5:00 – 6:00 p.m. Eastern Time Hosts: ...
Today, Alcoa Foundation announced a US$1.25 million internship program for 500 students in eight countries over the next two years. The program is a community-wide initiative involving several manufacturing companies and will be managed by the Institute of International Education (IIE). The goal is to provide unemployed youth with the experience to start a successful career in manufacturing. The announcement was made at [...]
President Barack Obama has tapped Alcoa (NYSE: AA) Chairman and CEO Klaus Kleinfeld to join the President’s Advanced Manufacturing Partnership Steering Committee 2.0, part of a continuing effort to maintain US leadership in the emerging technologies that will create high-quality manufacturing jobs and enhance America’s global competitiveness. “Manufacturing is a core engine of economic growth, and innovation keeps that [...]
The Board of Directors of Alcoa declared (a) a quarterly common stock dividend of 3 cents per share payable November 25, 2013 to shareholders of record at the close of business on November 8, 2013 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable January 1, 2014 to shareholders of record at the close of business on December 13, 2013. About Alcoa Alcoa is the [...]
Alcoa (NYSE: AA) was awarded Metal Bulletin’s top innovation prize for the company’s breakthrough technology enabling the production of more aluminum-intensive vehicles. Alcoa’s invention, an aluminum bonding technology, won “Best Product Innovation” of 2013 at the publication’s Global Awards for Aluminium Excellence in Geneva. “Alcoa is honored to receive this prestigious award for our game-changing technology that [...]
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