ATI and Boeing extend and expand their long-term titanium products supply agreement

Allegheny Technologies Incorporated today announced that it has extended its long-term titanium products supply agreement with The Boeing Company. The extension agreement covers value-added titanium mill products and provides opportunity for greater use of ATI's next-generation and advanced titanium alloys in both long product and flat-rolled product forms.

“We are pleased to extend and expand our titanium products supply agreement with Boeing,” said Rich Harshman, Chairman, President and Chief Executive Officer. “The new agreement enhances and solidifies our strategic relationship with The Boeing Company and recognizes the ongoing requirement to provide enabling technology, increased value-added titanium products, and supply chain efficiency.

“Through this expanded and extended agreement, ATI is well-positioned to participate in Boeing's significant growth into the next decade. ATI's strategic investments, acquisitions, and new product development provide the capacity and unique capability to produce titanium products from raw material (titanium sponge) to value-added mill products, including next-generation and advanced titanium alloys in both long product and flat-rolled product forms.”