- ATI Inc. (ATI, Financial) has secured a multi-year agreement with Airbus to supply titanium plate, sheet, and billet products.
- The contract more than doubles ATI’s previous support volume to Airbus, enhancing its position in the aerospace sector.
- ATI will leverage its new facility in Pageland, South Carolina, for the production of alloy titanium sheets.
ATI Inc. (ATI), a leading producer of high-performance materials, has announced a significant multi-year agreement with Airbus. This partnership positions ATI as a primary supplier of titanium products, including plates, sheets, and billets, for Airbus's production of narrow and widebody aircraft. The agreement marks a substantial increase in ATI's previous support volume to Airbus, effectively doubling it and establishing a long-term revenue stream through a guaranteed share contract.
Under the terms of the agreement, ATI will utilize its integrated production capabilities to meet Airbus's stringent requirements for high-purity titanium products. This includes leveraging their strategic investments in melting, plate, sheet, and billet production at the new Pageland, South Carolina facility. The state-of-the-art facility will specifically handle the production of alloy titanium sheets, enhancing ATI's ability to deliver high-quality materials efficiently.
The partnership further solidifies ATI's already strong presence in the aerospace industry. ATI's materials are used across nearly every commercial aircraft platform today, highlighting their established role in aerospace manufacturing. As ATI President and CEO Kimberly A. Fields notes, this agreement underscores the confidence Airbus places in ATI to deliver exceptional materials on time and supports Airbus as they ramp up production.
This strategic alignment with Airbus not only provides immediate revenue benefits but also strengthens ATI's market position by reducing dependency on single customers and mitigating market exposure risks. It showcases ATI's adaptability and commitment to meeting the evolving demands of the aerospace sector, setting a strong foundation for future growth.
