Allegheny Technologies Incorporated

Allegheny Technologies Incorporated (ATI) acquired Addaero Manufacturing, a metal alloy-based additive manufacturing company for aerospace and defense, located in New Britain, Connecticut.

Allegheny Technologies has filed for an exclusion from Section 232 tariffs on behalf of its newly formed joint venture, Allegheny & Tsingshan Stainless, which imports semi-finished stainless slab products from Indonesia. The JV operates a Direct Roll Anneal and Pickle facility in Midland, Pennsylvania.

Allegheny Technologies (ATI) approved a $95 million investment for a fourth iso-thermal press and associated heat treating centre in Cudahy, Wisconsin, to meet aerospace jet engine demand. Work will take approximately three years to complete and fully qualify.

Allegheny Technologies Inc.'s ATI Ladish plant in Cudahy will undergo a $95 million expansion and add 125 jobs to meet growing demand for aerospace jet engine components.

Allegheny Technologies formed a previously announced 50-50 joint venture with an affiliate of Tsingshan Group to produce 60-inch wide stainless sheet products for sale in North America. Initial customer shipments are expected in the first half of 2018.

Allegheny Technologies Incorporated (ATI) and an affiliate of Tsingshan Group formed a 50-50 joint venture to produce 60-inch wide stainless sheet products for the North American market. The JV will create approximately 100 manufacturing jobs in Western Pennsylvania.

Allegheny Technologies Inc. has signed two Long-Term Pricing Agreements with General Dynamics Land Systems to be the preferred supplier of titanium plate for the Abrams tank and Ajax specialist vehicle, with total revenue of approximately $75 million.

Allegheny Technologies Inc. (ATI) has been selected to supply nickel-base alloy rolled product to repair a large oil pipeline break in an unnamed foreign country. Shipments are expected to begin in Q1 2018, with an estimated revenue value of $30 million.

Allegheny Technologies and an affiliate of Tsingshan Group agreed to form a 50-50 joint venture to produce and sell 60-inch wide stainless sheet in North America, with first shipments expected in early 2018.

ATI and an affiliate of Tsingshan Group have reached a definitive agreement to form a 50-50 joint venture to manufacture and sell 60-inch wide stainless sheet in North America. The JV will restart the DRAP finishing facility in Midland, PA, adding 100 jobs. First shipments are expected in early 2018.

Allegheny Technologies Incorporated (ATI) signed a new Long-Term Purchase Agreement with Pratt & Whitney to supply isothermal forgings and nickel-based powder alloys for next-generation jet engines, expected to generate over $1 billion in revenue from 2017 to 2030.

Pratt & Whitney received a $339.6 million contract modification from the U.S. Navy to provide initial spare modules, parts and engines for Lot 11 F-35 propulsion systems. Work will occur in Connecticut, Indiana and the UK through June 2020.