{"id":23737,"date":"2014-05-28T08:01:30","date_gmt":"2014-05-28T12:01:30","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=23737"},"modified":"2014-05-28T08:01:30","modified_gmt":"2014-05-28T12:01:30","slug":"alcoa-inc-nyseaa-strengthens-its-aerospace-business","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/alcoa-inc-nyseaa-strengthens-its-aerospace-business-23737","title":{"rendered":"Alcoa Inc (NYSE:AA) Strengthens Its Aerospace Business"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 05\/28\/2014 (wallstreetpr) \u2013\u00a0<strong>Alcoa Inc (NYSE:AA)<\/strong>\u00a0signed a $290 million five year contract with Spirit AeroSystems to supply aluminum sheet. With this contract, Alcoa will provide aluminum sheet products for the outside skin of an aircraft.<\/p>\n<p style=\"text-align: justify;\"><b>Growth over aerospace market<\/b><\/p>\n<p style=\"text-align: justify;\">The new contract will reinforce the Company\u2019s growth plan in the aerospace business. Even, during the first quarter of 2014, Alcoa expects that the global aerospace business will grow at a CAGR of 8% to 9% during the period of 2013-2016 due to the strong demand in large commercial aircrafts and continued growth in business jets.<\/p>\n<p style=\"text-align: justify;\">In 2013, Alcoa Inc (NYSE:AA)\u00a0generated revenues of $4 billion and became a market leader for aerospace fastening systems, jet engine airfoils, forging and extrusions. The Company primarily supplies these products through its downstream business &#8211; Engineered Products and Solutions (EPS). It also provides aerospace sheet and plate through its midstream business -Global Rolled Products (GRP).<\/p>\n<p style=\"text-align: justify;\">During the first quarter of 2014, Alcoa generated 19% of revenue from the aerospace business through its EPS and GRP segment. Higher volumes in aerospace and commercial transportation products during the quarter provides a considerable increase for its EPS segment and, therefore, the adjusted EBITDA margin for the segment increased to 22.2% from 20.9% in the same period 2013.<\/p>\n<p style=\"text-align: justify;\"><b>Strong bonding drives future opportunity<\/b><\/p>\n<p style=\"text-align: justify;\">On the other end, Spirit is famous for aerostructures designing and manufacturing. Alcoa Inc (NYSE:AA)\u00a0designs products for commercial, business, regional and military aircrafts. Moreover, Sprit was a part of Boeing till 2005 and continues to build the fuselage sections of all the major categories of Boeing. So, a strong relationship with one of world\u2019s largest aircraft manufacturers will further provide an opportunity for Alcoa to expand its offerings.<\/p>\n<p style=\"text-align: justify;\"><b>Moving forward<\/b><\/p>\n<p style=\"text-align: justify;\">The long-term contracts with Spirit will strengthen the strategic partnerships and facilitate to develop in the aerospace market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 05\/28\/2014 (wallstreetpr) \u2013\u00a0Alcoa Inc (NYSE:AA)\u00a0signed a $290 million five year contract with Spirit AeroSystems to supply aluminum sheet. With this contract, Alcoa will [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":23741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[2832,966],"stock_ticker":[],"class_list":["post-23737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-alcoa-inc-nyseaa","tag-nyseaa","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alcoa Inc (NYSE:AA) Strengthens Its Aerospace Business - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/alcoa-inc-nyseaa-strengthens-its-aerospace-business-23737\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alcoa Inc (NYSE:AA) Strengthens Its Aerospace Business - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 05\/28\/2014 (wallstreetpr) \u2013\u00a0Alcoa Inc (NYSE:AA)\u00a0signed a $290 million five year contract with Spirit AeroSystems to supply aluminum sheet. 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