Significant new and increased share positions
solidify ATI as aero industry leader
PARIS, June 19,
2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announced
it has secured an estimated $1.2
billion in new sales commitments from leading aerospace and
defense companies. The collective commitments cover nickel and
titanium, materials critical to premium manufacturers as they ramp
production to meet increasing demand.
Representing an average of $200
million per year in estimated revenue between 2024 and 2029,
the commitments encompass materials for commercial engine and
airframe applications as well as ground-vehicle armor. The majority
of this revenue is incremental to ATI's previously stated 2025
targets. The commitments will be served through already announced
capital and capacity expansions.
"During this time of tight supply for critical materials, ATI is
partnering with customers to assure secured supply," said
Kimberly A. Fields, president and
chief operating officer. "Reliability is crucial. ATI's
increased capacity is supporting the industry and helping to
stabilize the supply chain.
"These commitments provide ATI with new contracted share
positions and a path for future growth," said Fields. "We've
solidified our position through the decade and beyond as our
customers' needs increase. ATI is poised for growth as demand
soars."
At the 54th edition of the Paris Air Show, ATI is
meeting with customers and industry leaders to further its
partnerships with premier aerospace manufacturers. "It's exciting
to work with our customers on their greatest challenges, leveraging
ATI's advanced technologies and extraordinary manufacturing
capabilities to perform in the most extreme conditions," said
Fields.
ATI: Proven to Perform.
ATI (NYSE: ATI) is a global
producer of high-performance materials and solutions for the global
aerospace and defense markets, and critical applications in
electronics, medical and specialty energy. We're solving the
world's most difficult challenges through materials science. We
partner with our customers to deliver extraordinary materials that
enable their greatest achievements: their products fly higher and
faster, burn hotter, dive deeper, stand stronger and last longer.
Our proprietary process technologies, unique customer partnerships
and commitment to innovation deliver materials and solutions for
today and the evermore challenging environments of tomorrow.
We are proven to perform anywhere. Learn more
at ATImaterials.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ati-secures-estimated-1-2-billion-in-aerospace-and-defense-sales-commitments-301853750.html
SOURCE ATI