ATI and Snecma (Safran) sign long-term titanium cast products agreement

Allegheny Technologies Incorporated today announced that it has signed an agreement to supply titanium investment cast products to Snecma (Safran) for use in single-aisle and business jet engine programs, including the CFM LEAP* family. The new agreement begins in 2015 and extends into the next decade.

“We are pleased with this agreement with Snecma,” said Rich Harshman, Chairman, President and Chief Executive Officer. “The new agreement builds on our long-term strategic relationship with Snecma (Safran) and recognizes our integrated capabilities from raw materials (titanium sponge) through mill products to forgings, investment castings, and components.

“Through this agreement, ATI is positioned to significantly grow our titanium investment casting content on jet engines powering next-generation single aisle aircraft. This agreement represents one of several growth opportunities for ATI's integrated titanium investment casting business, and supports our goal to at least double the revenue of this business within the next five years.”