ATI signs long-term purchase agreement with Pratt & Whitney
August 8, 2017
Allegheny Technologies Incorporated (ATI), Pittsburgh, Pennsylvania, USA, has signed a long-term purchase agreement with Pratt & Whitney (P&W) to supply isothermal forgings and nickel-based powder alloys for its next-generation jet engines. The purchase agreement will last for the life of the engine programmes and is expected to generate revenues in excess of $1 billion for the period 2017 to 2030.
“We are pleased to enter into this new agreement with Pratt & Whitney,” commented Rich Harshman, ATI’s Chairman, President and Chief Executive Officer. “Demand for P&W’s game-changing PurePower® Geared Turbofan™ engine is scheduled to grow dramatically into the next decade and beyond in support of next-generation narrowbody aircraft build rates. Through this agreement, ATI significantly increases our content on the GTF engine as well as on the P&W F135 engine for the Joint Strike Fighter program.
“The new agreement further demonstrates our ability to meet the Aerospace and Defense market’s demand for innovative products that create value for our customers and shareholders and enable ATI’s incremental growth on next-generation jet engine platforms,” he concluded.
“Our suppliers are a critical part of our production capacity,” added Sam Abdelmalek, VP Pratt & Whitney. “Agreements like this secure sources of parts and components for years to come and ensure the capacity investments to support our production ramp. We have tremendous growth ahead, and suppliers like ATI that are willing to sign up to our contractual governance, commitment to cost competitiveness and continuous improvement will continue to have opportunities to grow with us.”
Pratt & Whitney has produced more than 100,000 prototype parts using AM over the past 25 years and, in April 2015, became the first company to produce entry-into-service jet engine parts by metal Additive Manufacturing (3D Printing) with its PurePower® PW1500G engines.
