Allegheny Tech Extends and Boosts Titanium Supply Deal With Boeing

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Allegheny Technologies (NYSE: ATI  ) looks set to remain a partner of aerospace giant Boeing (NYSE: BA  ) for some time to come. The former company announced it has extended its existing long-term titanium mill products supply agreement with the aircraft maker. Additionally, that arrangement has been expanded to, in Allegheny Tech's words, "[provide] opportunity for greater use of ATI's next-generation and advanced titanium alloys in both long product and flat-rolled product forms."

The terms of the agreement, and the time frame, were not specified, although Allegheny Tech intimated that it will be in force for at least another several years. In the press release announcing the news, the firm quoted its CEO Rich Harshman as saying that the deal makes Allegheny Tech "well-positioned to participate in Boeing's significant growth into the next decade." 

Allegheny Tech is scheduled to discuss its Q3 earnings in a conference call next Wednesday at 8:30 am Eastern time.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2686385, ~/Articles/ArticleHandler.aspx, 9/30/2016 6:27:28 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:02 PM
ATI $18.07 Up +0.23 +1.29%
Allegheny Technolo… CAPS Rating: ***
BA $131.74 Up +0.71 +0.54%
Boeing CAPS Rating: ****