A Pennsylvania-based manufacturer of specialty materials and complex components predominantly for aerospace & defense industries recently signed two new long-term pricing agreements (LTPAs) with General Dynamics (GD) Land Systems, a supply chain network provider for the U.S. military and its allies, based in Richland, Washington, to be the preferred supplier of titanium plate for the Abrams tank (United States) and the AJAX specialist vehicle (United Kingdom).
Allegheny Technologies Incorporated (ATI) will begin production of titanium products at its melt facility in Richland and will complete it at ATI’s specialty plate facility in Washington, Pennsylvania.
“We are pleased to enter into these agreements with GD Land Systems, marking the beginning of a new relationship with this strategic global customer,” said Rich Harshman, ATI’s chairman, president, and CEO. “ATI is forging a strong technology connection with GD and together we are developing specialty materials and components for improved protection and light-weighting of next-generation military vehicles.”
“Revenue from these LTPAs will total approximately $75 million combined over the contract periods. This marks a significant increase in the Flat-Rolled Products segment’s strategic aerospace and defense market sales, which are an integral part of our ongoing portfolio transformation toward more high-value products,” said Bob Wetherbee, executive vice president, Flat-Rolled Products Group.
The Abrams LTPA runs through 2019 while the AJAX LTPA runs through 2021.
