Allegheny Technologies Inc., Pittsburgh, announces that it has signed a new Long-Term Purchase Agreement (LTPA) with Pratt & Whitney, a United Technologies Corporation company, to supply isothermal forgings and nickel-base powder alloys for next-generation jet engines. The LTPA, which builds upon the Master Terms Agreement that ATI entered into with UTC last year, begins in 2017 and continues for the life of the engine programs. For the period 2017 to 2030, the LTPA is expected to generate revenues in excess of $1 billion.
“We are pleased to enter into this new agreement with Pratt & Whitney,” says Rich Harshman, ATI’s Chairman, President and Chief Executive Officer. “Demand for P&W’s game-changing PurePower Geared Turbofan engine is scheduled to grow dramatically into the next decade and beyond in support of next-generation narrowbody aircraft build rates. Through this agreement, ATI significantly increases our content on the GTF engine as well as on the P&W F135 engine for the Joint Strike Fighter program.”
“Our suppliers are a critical part of our production capacity. Agreements like this secure sources of parts and components for years to come and ensure the capacity investments to support our production ramp,” says Sam Abdelmalek, Pratt & Whitney vice president, Global Supply Chain.
