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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Apollo-backed Dutch aluminum products maker Constellium Holdco BV said it expects to raise as much as $422 million from its initial public offering. The company plans to price the offering of 22.2 million class A ordinary shares at between $17 and $19 per share, according to a regulatory filing...
A new aluminum-lithium foundry in Issoire, France, opened on March 26 by aluminum specialist Constellium embodies the latest effort to regain ground lost to composite materials in aircraft construction. Dedicated to a new line of alloys dubbed Airware, the new casthouse has the capacity to produce...
Kaiser Aluminum Corp. said it is benefiting from surging global demand for passenger aircraft and forecast a stronger second half, in part because of lean inventories. The Foothill Ranch, Calif., company, which emerged from bankruptcy proceedings in 2006 and makes semifinished aluminum products,...
Research from the European Space Agency (ESA) has resulted in an aircraft-grade titanium-aluminum alloy that has properties similar to nickel superalloys but weighs half as much. The research was conducted by participants in the Intermetallic Materials Processing in Relation to Earth and Space...
A materials engineering research team at the University of Nevada, Reno has developed an environmentally friendly, self-healing coating for the aluminum used in defense and aerospace applications. The coating is designed to replace the highly toxic chromate conversion coatings that have been used...
A-series five-axis HMCs from Makino are designed for high-speed, high-efficiency aluminum machining. The machines are well-suited for machining large, thin aerospace structural components including wing spars, wing panels and floor beams. The horizontal machining center family includes the A4, A8,...
Ohio, USA-based aluminium producer Aleris said it has received orders to provide aluminium to Shanghai Aircraft Manufacturing Co., Ltd, a manufacturing subsidiary of Commercial Aircraft Corp. of China, Ltd. (COMAC) for the production of multiple sets of COMAC's C919 test planes. Aleris said it will...
The strong global demand for aluminium led by the transport sector over the last year reflects the increasing importance of the overall demand for aluminium, reports Qatalum, the organizer of Arab International Aluminium Conference (ARABAL 2012), which will be held at the Grand Hyatt Doha. This...
U.S. aluminum company Alcoa Inc. AA -0.60% has signed new multiyear agreements valued at about $1.4 billion to supply Airbus with products for virtually all of the passenger-jet maker's commercial programs, including the new A350. Under the deal, signed Wednesday at the Farnborough International...
Aluminum product developer Constellium is increasing the percentage of recycled metal in the aircraft parts it produces, as it vies to lower the cost and environmental impact of using metals and to prove that composites are not the answer to everything. The French group’s latest Airware technology...
Constellium today announces that it has signed a multi-year agreement with Airbus estimated at approximately US$2 billion of value to support all leading aircraft programs from Airbus and its parent company, the European Aeronautic Defence and Space Company (EADS). With this deal, Constellium...
Chris Ayers, Alcoa EVP and President, Global Primary Proucts told the CRU 17th World Aluminium Conference in Abu Dhabi that the global primary demand growth rate will be 7% in 2012. This compares to a 10% growth rate in 2011. Driving growth will be the aerospace market where a 13% rise will occur....
The designs of two new Airbus and Boeing (NYSE:BA) aircraft are a saving grace for Alcoa Inc. (NYSE:AA), according to the aluminum company’s chief executive Klaus Kleinfeld, who on Friday told shareholders at the company’s annual meeting in Pittsburgh, Pennsylvania, that Alcoa is putting its energy...
Aluminum product developer Constellium wants to increase the percentage of recycled metal it produces for aerospace in a bid to realize both economic and environmental goals. The value of such alloys has grown with the addition of elements such as copper, silver and—critically—lithium. One kilogram...
Airbus (EAD) SAS was told by European air safety authorities to swap some aluminum rivets on its A380 flagship for stronger titanium fasteners, less than a month after the company was forced to fix cracks on the jet’s wings. According to a so-called airworthiness directive by the European Aviation...
Alcoa will build a new plant in Indiana and expand two other facilities to increase production of aluminum-lithium alloys to meet rising demand from the aerospace industry. The aluminum company, which operates out of Pittsburgh, has begun work on a 115,000-square-foot plant near its current...
Airbus blamed a combination of manufacturing and design flaws as more examples of wing cracks arose during checks on the A380, while analysts said its bare-all strategy of addressing the problems in public should limit any lasting damage. A top executive at the European planemaker said it had...
Alcoa will build a new plant in Indiana and expand two other facilities to increase production of aluminum-lithium alloys to meet rising demand from the aerospace industry. The aluminum company, which operates out of Pittsburgh, has begun work on a 115,000-square-foot plant near its current...
