Allegheny Technologies announces new long-term agreement to supply alloys to Spirit

Allegheny Technologies Incorporated (NYSE: ATI) announced that it has signed a five-year agreement with Spirit AeroSystems (NYSE: SPR) for the supply of nickel-based alloy and superalloy flat-rolled products for commercial airframe applications. The agreement covers products sold by ATI Allegheny Ludlum, an ATI operating company, to Spirit AeroSystems.

"We are pleased to be developing this new relationship with Spirit AeroSystems, which is the world's largest independent supplier of commercial airplane assemblies and components," said L. Patrick Hassey, Chairman, President and Chief Executive Officer of Allegheny Technologies. "This agreement is another step in our strategy to expand ATI's presence in the airframe segment of the Aerospace market."

ATI offers the aerospace supply chain a broad portfolio of Mission Critical Metallics™ and cutting tool systems for difficult-to-machine specialty metals.