(PITTSBURGH, Dec. 1, 2005) -- Alcoa (NYSE:AA) announced today that its Alcoa Forged Products and Aluminum Castings business has signed a five-year contract with Klune Industries, a supplier of finish-machined parts to prime contractor Raytheon, to manufacture high-strength aluminum structural castings for the U. S. Navy's Tactical Tomahawk missile. The contact is valued at nearly $30 million.
"This program has given us an opportunity to demonstrate the value of the aluminum-investment-casting process for critical defense applications, while also showcasing our ability to provide cost-effective, high-strength missile components in aluminum and titanium," said Joseph Haniford, Vice President and General Manager of Alcoa Forged Products and Aluminum Castings. "We are now supporting the full-rate production phase of this program with four major structural parts, with deliveries scheduled through 2009.
"Our leading edge design and advanced production capabilities in aluminum forgings and castings continue to provide new opportunities for growth," said Haniford.
Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 131,000 employees in 43 countries and has been a member of the Dow Jones Industrial Average for 45 years and the Dow Jones Sustainability Indexes since 2001. More information can be found at www.alcoa.com
Klune Industries, Inc. is an integrated engineering and manufacturing company with widespread capabilities serving many industries. Klune principally produces assembled components for the military and commercial aerospace sectors. The company's core strengths are in sheet metal forming, precision machining, laser cutting and welding, and assembly.