ATI Extends Long-Term Purchase Agreement With Rolls-Royce
Allegheny Technologies Incorporated (ATI)
Last allegheny technologies incorporated earnings: 2/4 07:30 am
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ir.atimetals.com
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Source: Business Wire
10-year agreement powers next-generation and legacy jet engine supply chains PITTSBURGH--(BUSINESS WIRE)-- Allegheny Technologies Incorporated (NYSE: ATI) today announced that it has extended its Long-Term Purchase Agreement (LTPA) with Rolls-Royce to supply rotating disc quality specialty materials for their Trent engine family. The LTPA extends Rolls-Royce and ATI’s agreement through 2029. “We are pleased to extend our long-standing relationship with Rolls-Royce, partnering with them on the development of next generation jet engines and supporting their legacy jet engine supply chain,” said Robert S. Wetherbee, ATI’s President and Chief Executive Officer. “This agreement reliably secures Rolls-Royce’s supply of critical materials for their innovative engine portfolio for the next ten years.” “This agreement covers the production of a wide range of critical products used to make Rolls-Ro
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