Bank of America lowered its price target for Airbus from EUR 259 (USD 300.62) to EUR 255 (USD 295.98), while maintaining a ‘Buy’ rating, citing rising aluminium supply costs. The price revision follows supply disruptions linked to strikes by Iran, which damaged aluminium plants in the United Arab...
December 1 witnessed the Airbus AIR market shares dropping 6 per cent due to a quality-control problem in the aluminium fuselage panels on a large number of A320 jets. This resulted in the uncertain conditions currently faced by the affected fleet until the issue is resolved. Image for referential...
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Aleris is to build a casting facility for aluminum-lithium plate and sheet products. The facility will be built at its Koblenz, Germany plant and will expand the company's ability to meet the needs of the aerospace market. Aluminum-lithium alloys enable aircraft manufacturers to increase fuel...
Aluminium products developer Constellium plans to inaugurate two new foundries in Issoire and Voreppe, in France, during the last quarter of this year to increase production of its Airware technology, which comprises a range of complementary, high-performance and low-density alloys that are suited...
Airbus SAS, the world’s biggest commercial planemaker, expects to buy 5 percent to 10 percent more aluminum in 2012 on strong demand for aircraft, said Elmar Luetjen, the company’s head of procurement, materials aluminum. “Next year we are absolutely confident in our demand planning,” Luetjen said...
Stockcall.com offers investors comprehensive research on the Metal Fabrication industry and has completed analytical research on Reliance Steel & Aluminum Co. RS -4.41% and Precision Castparts Corp. PCP -2.80%. There are several positive trends affecting the Metal Fabrication sector lately....
Kaiser Aluminum Corporation is to supply Airbus aluminium plate and sheet for use in the production of commercial aircraft. The multi-year agreement will extend Kaiser’s role as a major supplier of semi-fabricated products to Airbus.
Alcoa announced on June 9 the development of new aluminum-based solutions for the aerospace market, reducing the weight and an increase in fuel economy on top of the savings from new engines. Maintenance and manufacturing costs make the new material much cheaper over the life cycle when compared...
The flurry of new airliner orders in the first half of 2011, coupled with rising demand from other industries, has proved to be a boon to aluminum suppliers like Alcoa, which more than doubled its second quarter earnings in results announced on July 11. But subsequent stock market reaction, which...
Kaiser Aluminum Corporation announced that it has reached agreement in principle with Airbus to supply aluminum plate and sheet for use in the production of commercial aircraft.
Aleris declared that it has inked 5 year deal with Airbus at the Paris Air Show to supply a wide range of aluminum alloy sheets and plates for Airbus’ worldwide programs. Aleris will manufacture the required products at its modern facilities in Duffel, Belgium and Koblenz, Germany where...
NEW YORK Alcoa Inc. has predicted sales will improve across its range of businesses this year, from aerospace to beverage cans. During a second-quarter conference call with analysts Monday, Chairman and CEO Klaus Kleinfeld forecast Alcoa's sales to aerospace businesses would grow about 7 percent in...
Alcoa Inc. (AA), the largest U.S. aluminum producer, may say second-quarter profit more than doubled as customers from General Motors Co. (GM) to Airbus SAS helped drive demand for the lightweight metal. Profit excluding one-time items rose to 33 cents a share, from 13 cents a year earlier,...
Alcoa Inc. (AA), the largest U.S. aluminum producer, may say second-quarter profit more than doubled as customers from General Motors Co. (GM) to Airbus SAS helped drive demand for the lightweight metal. Profit excluding one-time items rose to 33 cents a share, from 13 cents a year earlier,...
Alcoa Inc. (AA), the largest U.S. aluminum producer, may say second-quarter profit more than doubled as customers from General Motors Co. (GM) to Airbus SAS helped drive demand for the lightweight metal. Profit excluding one-time items rose to 33 cents a share, from 13 cents a year earlier,...
It has been less than a week since Alcoa ( AA ) showcased its next-generation aluminium alloy at the Paris Air Show. And the aerospace industry seems to agree that these new alloys hold plenty of promise. Airbus decided to sign a multi-year contract worth $1 billion with the aluminium industry...
Rio Tinto Alcan's Dubuc plant in Quebec, Canada will increase its production of Airware alloys for the aerospace industry by more than 50%. It has signed an agreement deal with Constellium's Global Aerospace division and will expand its plant to meet the new contract’s requirements. Construction...
Rio Alcan sees growing demand for its new lightweight aluminum-lithium alloy to be used in the Bombardier CSeries airliner and the much larger Airbus XWB. The company said its Dubuc Works in the Saguenay will get a $3-million investment to boost capacity of the alloy by 50 per cent. About 50 new...
Alcoa Inc. (AA) the largest U.S. aluminum producer was awarded a $1 billion multiyear supply agreement with aerospace firm Airbus for aluminum sheet and plate products. As per the agreement, Alcoa’s products will be used in nearly all Airbus commercial aircraft programs including the fuselage...
Alcoa announced today it has been awarded a new multi-year supply deal by Airbus for aluminum sheet and plate products. The agreement was reached this week at the Paris Air Show between executives of the companies. Exact terms were not discussed, but the deal is worth about $1.0 billion over its...
