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Alcoa in US$1.1b jet engine deal with Pratt & Whitney

US aluminium giant Alcoa announced a US$1.1 billion deal to supply jet engine parts to Pratt & Whitney, including the world's first lightweight aluminium alloy fan blade.

NEW YORK: US aluminium giant Alcoa on Monday announced a US$1.1 billion deal to supply jet engine parts to Pratt & Whitney, including the world's first lightweight aluminium alloy fan blade.

Alcoa said in a statement it had developed the forging for the new aluminium fan blade for Pratt & Whitney's PurePower engines, using an advanced aluminium alloy and a proprietary manufacturing process.

The New York-based company is also developing for the PurePower engines a fan blade forging using its most advanced aluminium-lithium alloy.

"We're going where no materials scientist has gone before," said Alcoa chairman and chief executive Klaus Kleinfeld.

"Combining Alcoa's proprietary alloys and unique manufacturing processes with Pratt & Whitney's design, we cracked the code on forging an aluminium fan blade that is lighter and enables better fuel efficiency."

Under the 10-year supply deal, Alcoa will provide a range of other advanced engine products, including vanes and structural castings.

The agreement with Pratt & Whitney, a division of United Technologies Corporation, marked another step in Alcoa's strategy to build its value-added businesses, especially in aerospace.

In late June, the company said it stuck a deal to acquire Firth Rixson, a leading British manufacturer of jet engine components, for US$2.85 billion.

Alcoa shares were up 0.8 per cent at US$16.10 and United Technologies climbed 0.7 per cent to US$114.95 in afternoon trade.

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