Allegheny Technologies Incorporated has announced that it has signed a new Long-Term Purchase Agreement (LTPA) with Pratt & Whitney (P&W), a United Technologies Corporation (UTC) company, to supply isothermal forgings and nickel-based 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.
Demand for P&W’s game-changing PurePower® Geared Turbofan™ engine (GTF) 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.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.