Arconic: Airbus contract

Arconic (NYSE:ARNC) has announced a multi-year contract with Airbus valued at approximately $1 billion. The contract gives Arconic aluminium sheet and plate an unprecedented position on Airbus’ highest volume programs. “This large contract is a further important step to expand our leadership position in the aerospace industry," said Klaus Kleinfeld, Chairman and CEO of Arconic. "We are proud that Airbus has chosen us to support their fastest growing, technologically advanced programs. Partnerships like this with industry leaders are core to our strategy and this contract is another proof point of the potential that lies in it. We continue to focus…