ATI announces long-term agreement with Goodrich Corporation

Allegheny Technologies Incorporated (NYSE: ATI) announced that it has signed a long-term sourcing agreement with the Goodrich Corporation (NYSE: GR) for the supply of aerospace forgings used for landing gear components. The agreement covers aerospace structural forgings sold to Goodrich's Landing Gear facilities located in the US, Canada, and Poland by ATI Ladish's ZKM Forging operation for the period 2012 through 2015. ATI Ladish is an operating unit of Allegheny Technologies. This agreement includes forgings for commercial, regional, and business aircraft.

"We are pleased to announce this long-term agreement for aerospace structural forgings which enhances ATI's position in the aerospace supply chain," said Rich Harshman, Chairman, President and Chief Executive Officer of Allegheny Technologies. "ATI Ladish and the Goodrich Corporation have a solid long-term relationship. This agreement demonstrates how we expect to broaden ATI's component offerings to the aerospace market. In addition, ATI ZKM Forging, which is located in Poland's Aviation Valley, expands ATI's global reach by providing a strong asset base in a fast-growing region of the global aerospace supply chain."

ATI ZKM Forging is located in Stalowa Wola, Poland. ATI ZKM Forging has become one of Central Europe's largest suppliers of forgings. Customers around the world rely on ATI ZKM for the durable, highly engineered components they need for a wide range of demanding aerospace and industrial applications.