Alcoa Inc. (NYSE:AA) has proclaimed that new materials will help planes save weight.
Alcoa Inc. (NYSE:AA) Looks To Lighter Planes
Alcoa Inc. (NYSE:AA), the largest aluminum maker, has announced that it has urbanized new alloys and engineering techniques that will give it a chance to fight against the non-aluminum parts increasingly used by airplane makers.
Mick Wallis, Alcoa executive in charge aerospace sheet and plate aluminum products Alcoa Inc. (NYSE:AA) said, “The decisions made in the past decade to build the first composite-intensive aircraft was a huge wake-up call for us. Boeing is delighted to hear about the investments and advances Alcoa and other raw-material suppliers are making.”
Aloca Inc. (NYSE:AA) shares are currently standing at 15.5.