- POSTED: 15 Jul 2014 02:58
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.