Allegheny Technologies Inc., Pittsburgh, announces that it has signed two new Long-Term Pricing Agreements with General Dynamics Land Systems to be the preferred supplier of titanium plate for the Abrams tank and the Ajax specialist vehicle. The Abrams LTPA runs through 2019, while the Ajax LTPA runs through 2021.
“We are pleased to enter into these agreements with GD Land Systems, marking the beginning of a new relationship with this strategic global customer,” says Rich Harshman, ATI’s Chairman, President, and Chief Executive Officer. “ATI is forging a strong technology connection with General Dynamics, 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,” says Bob Wetherbee, Executive Vice President, Flat Rolled Products Group. “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,”
Production of the titanium products will begin at ATI’s melt facility in Richland, Washington, and will be completed at ATI’s Specialty Plate facility in Washington, Pennsylvanis.
