Allegheny Technologies Incorporated is located in Pittsburgh, Pennsylvania and it is a manufacturer of advanced specialty materials and complex components. The company breaks down into two segments : High Performance Materials and Components which includes nickel and titanium based alloys/ superalloys and Flat Rolled Products which includes titanium, specialty, duplex and nickel alloys, strip and grain-oriented electrical steel. On the other hand, Pratt & Whitney is a aerospace manufacturer, a subsidiary of United Technologies (UTC). The engine powers more than a quarter of the world’s mainline passenger fleet. Recently, divulged plans to increase isothermal forging capacity, which is part of nearly $386-million capital investment in Columbus, GA. Therefore, Allegheny Technologies Incorporated and Pratt & Whitney have entered a new long-term purchase agreement to provide diverse jet engine parts.
Under the established conditions, ATI will supply isothermal forgings and nickel-based powder alloys for Pratt & Whitney’s new PurePower Geared Turbofan engine. The agreement was concluded between P&W’s principal, United Technologies and ATI last year. The LTPA will start operating this year and will continue during the complete engine program. From 2017 to 2030, the LTPA is anticipated to produce revenue in excess of $1 billion.
“Through this agreement, ATI significantly increases its content on the GTF engine as well as on the P&W F135 engine for the Joint Strike Fighter program,” said Rich Harshman, ATI’s chairman, president and CEO. “We believe this LTPA recognizes our leading technologies, broad manufacturing capabilities and operating reliability within the jet-engine supply chain made possible by ATI’s integrated capabilities from nickel-based alloy powders through isothermal forgings to machined parts.”
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