Alcoa Awarded $360 M Contract by LM to Provide Aluminum Forgings on F-35 JSF Program

(Cleveland, October 12, 2007) -- Alcoa (NYSE:AA) today announced that its Alcoa Power and Propulsion business has been awarded a 10-year $360 million contract by Lockheed Martin to supply advanced patented 7085 alloy aluminum die forgings for the F-35 Joint Strike Fighter (JSF) program. Contract work will be performed by Alcoa Forged and Cast Products Cleveland operations and involves the design and manufacture of all the large aluminum structural die forgings for more than 1,200 aircraft. The forgings include 15 large bulkheads - the primary structural support for the wing and engine that can weigh from 1,800 to 6,000 pounds and range from 10 to 23 feet in length - and six wing box parts which serve as an important component of the skeletal structure to the wing. "Our partnership with Lockheed Martin is based on the value of Alcoa's proprietary and advanced alloys, our technical and engineering expertise, and our collaborative design capabilities that support such large and complex forgings," said Raymond B. Mitchell, president, Alcoa Power and Propulsion. "These attributes are key in meeting the demanding requirements of this critical defense program." Alcoa's partnership with Lockheed Martin began in 2004, when Lockheed Martin's need for weight reduction on the F-35 coincided with both Alcoa's new alloy technology and innovative manufacturing approach. Parts were redesigned to take advantage of the entire Alcoa offering. "Today, we look forward to playing a vital role in making this futuristic aircraft a reality," said Joseph E. Haniford, vice president and general manager, Alcoa Forged and Cast Products. "Our engineers, operations managers, and designers have worked collaboratively to offer complex die forgings that will meet weight reduction requirements and extremely tight time frames that will allow our customer to stay on schedule."

Source: Alcoa
Date: Oct 15, 2007