The Traderszone Network

Published in TZ Latest News 10 January, 2016 by The TZ Newswire Staff

Alcoa gets $1.5 billion supply contract from GE’s aviation unit: WSJ

The deal, which will be announced along with Alcoa’s quarterly results on Monday, will allow the aluminum producer to supply advanced nickel-based superalloy, titanium and aluminum components for engines and parts made by GE, the paper said, citing a GE news release it viewed. Alcoa will make the parts in six U.S. states, as well as in France and Canada, the WSJ reported. Alcoa and GE could not be immediately reached for comment outside regular business hours.