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ATI to Supply GKN Aerospace Under New Multi-Year Agreement
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FARNBOROUGH, United Kingdom, July 19, 2022 /PRNewswire/ -- Today at the Farnborough International Airshow, ATI Inc. (NYSE: ATI) announced it has reached a new multi-year agreement with GKN Aerospace (NYSE: GKN) to supply high-value titanium materials used in the manufacture of commercial and military airframes.
ATI will provide the majority share of titanium plate and sheet products to this leading global tier-one aerospace supplier. Shipments are expected to begin in the third quarter of 2022. ATI anticipates delivery tracking increases with market demand.
"This agreement significantly expands the longstanding relationship between ATI and GKN Aerospace," said Tom DeLuca, President of ATI's Specialty Rolled Products business. "We're honored to partner with GKN Aerospace as it secures a long-term supply of materials crucial to its success as a leading innovator.
"This is the latest demonstration of ATI's transformation focusing on high-value materials for our aerospace and defense markets," said DeLuca. "Our world-class melting, rolling, and finishing capabilities provide GKN Aerospace the quality, delivery and service they need to serve their commercial and military customers."
"GKN Aerospace values performance, communication and continuous cooperation as key attributes for a strategic supply partner. ATI continually demonstrates commitment to these values, and we look forward to the years to come," said Matthew Corley, Global Commodity Director, GKN Aerospace.
ATI: Proven to Perform. ATI (NYSE: ATI) is a $3 billion global producer of high performance materials and solutions for the global aerospace and defense markets, and critical applications in electronics, medical and specialty energy. We're solving the world's most difficult challenges through materials science. We partner with our customers to deliver extraordinary materials that enable their greatest achievements: their products fly higher and faster, burn hotter, dive deeper, stand stronger and last longer. Our proprietary process technologies, unique customer partnerships and commitment to innovation deliver materials and solutions for today and the evermore challenging environments of tomorrow. We are proven to perform anywhere. Learn more at ATImaterials.com.
allegheny technologies incorporated (ati) is a global manufacturer of technically advanced specialty materials and complex components. we are a market leader in manufacturing and producing differentiated specialty alloys and forgings that require our unique manufacturing and precision machining capabilities and our innovative new product development competence. ati produces nickel-based alloys and superalloys, titanium and titanium-based alloys, specialty alloys, stainless steels, zirconium and other related alloys in many mill product forms. our capabilities range from alloy development, to melting and hot-working, through highly engineered finished components. we are a leader in producing nickel-based alloy and titanium-based alloy powders for use in next-generation jet engine forgings and 3d-printed products. our key global markets include, aerospace and defense, oil and gas, chemical and hydrocarbon processing, electrical energy, medical, automotive and other industrial markets.
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