PRO-TD has two distinct and independent departments. Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. The stock currently has a market cap of $2.11 billion. Furthermore, since the start of the year, shares of the Company have surged 17.64%. Allegheny Technologies' stock price rallied 12.62% in the last one month and 4.23% in the previous twelve months. A total volume of 4.21 million shares have exchanged hands, which was higher than the 3-month average volume of 2.03 million shares. On Wednesday, July 26, 2017, the stock closed the trading session at $18.74, declining 1.94% from its previous closing price of $19.11. based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. Pratt & Whitney's aircraft engines are widely used in both civil aviation (especially airlines) and military aviation. It is a subsidiary of United Technologies (UTC). ATI is a market leader in manufacturing differentiated specialty alloys and forgings that require its unique manufacturing and precision machining capabilities and its innovative new product development competence.įounded in 1925 by Frederick Rentschler, Pratt & Whitney is an American aerospace manufacturer with global service operations. The Company's products support diverse markets and industries such as aerospace and defense, oil & gas, electrical energy, medical, automotive, and other industrial markets.
I am proud of the work our Gold suppliers have done to help position Pratt & Whitney for the future.”Īllegheny Technologies is a global manufacturer of technically advanced specialty materials and complex components. UTC's Supplier Gold Program is an important part of the Company's strategy to develop a world-class, integrated supply chain. We have tremendous growth ahead, and suppliers like ATI that are willing to sign up to our contractual governance, commitment to cost competitiveness, and continuous improvement will continue to have opportunities to grow with us. Agreements like this secure sources of parts and components for years to come and ensure the capacity investments to support our production ramp. "Our suppliers are a critical part of our production capacity. P&W's Vice President, Global Supply Chain, Sam Abdelmalek, stated: The Company's commitment to UTC's Supplier Gold Program will help assure that ATI is a part of this future.Įnsures Capacity Investments to Support P&W's Production Increase In addition, this agreement puts ATI in a strong position to power the future of aviation. The new agreement further demonstrates the Company's ability to meet the Aerospace and Defense market's demand for innovative products that create value for our customers and shareholders and enable ATI's incremental growth on next-generation jet engine platforms. 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."Įnables ATI's Incremental Growth on Next-Generation Jet Engine PlatformsĪTI believes that LTPA recognizes the Company's leading technologies, broad manufacturing capabilities, and operating reliability within the jet engine supply chain, made possible by ATI's integrated capabilities from nickel-based alloy powders through isothermal forgings to machined parts. 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. "We are pleased to enter into this new agreement with Pratt & Whitney. Increases ATI's Content on GTF and P&W F135 EngineĬommenting on the agreement, Rich Harshman, ATI's Chairman, President, and Chief Executive Officer, stated:
The agreement is expected to generate revenues in excess of $1 billion for the period of 2017 to 2030. 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.
0 kommentar(er)
