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ATI signs multi-year agreement with Airbus for titanium plate, sheet and billet

1. ATI signed a multi-year supply agreement with Airbus for titanium products. 2. The agreement more than doubles ATI's past support of Airbus. 3. ATI's investments enable continued high-quality titanium production. 4. Alloy titanium sheets will be produced in Pageland, South Carolina. 5. ATI positions itself as a leader in aerospace and defense materials.

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FAQ

Why Bullish?

The long-term contract with Airbus signifies increased revenue and market presence for ATI. Historically, agreements with major aerospace suppliers have positively affected stock prices of related companies.

How important is it?

The multi-year agreement positions ATI firmly in the aerospace sector, crucial for future growth. The high importance score reflects direct implications for revenue and competitive positioning in the industry.

Why Long Term?

This multi-year contract establishes a stable revenue stream, which generally has enduring effects on stock valuation. Previous long-term contracts in aerospace often led to sustained price growth.

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AIR.PABANOCRTX
Positions ATI as a top supplier to Airbus of titanium flat rolled and long products , /PRNewswire/ -- ATI Inc. (NYSE: ATI) is pleased to announce it has signed a multi-year agreement with Airbus, securing the airframer's supply of titanium plate, sheet and billet as it continues to ramp production of narrow and widebody aircraft. This positions ATI as a top supplier of titanium flat rolled and long products to Airbus. "We are honored to partner with Airbus on this guaranteed share contract, which more than doubles ATI's prior support of Airbus," said ATI President and CEO Kimberly A. Fields. "Our investments in titanium capacity give us the ability to respond to our customer's increased need for high purity melt and exceptional titanium products as they grow their production," she said. ATI's industry-leading production capabilities across its integrated flow paths, from melting to finished products, will be available to Airbus. Enabled by strategic investments in melting, plate, sheet and billet production, ATI provides a reliable and unified supply solution. Alloy titanium sheet will be produced at ATI's new operation in Pageland, South Carolina. ATI's materials and components are on virtually every commercial platform flying today. "As we further strengthen our position as an aerospace and defense leader, we've diversified to serve every original equipment manufacturer on both airframes and engines," said Fields. "This long-term agreement demonstrates the confidence Airbus places in ATI to deliver the highest quality, high performing materials on-time. ATI is proud to support Airbus and looks forward to growing together." ATI: Proven to PerformATI (NYSE: ATI) is a 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. This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements in this news release relate to future events and expectations and, as such, constitute forward-looking statements. Forward-looking statements, which may contain such words as "anticipates," "believes," "estimates," "expects," "would," "should," "will," "will likely result," "forecast," "outlook," "projects," and similar expressions, are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which we are unable to predict or control. Our performance or achievements may differ materially from those expressed or implied in any forward-looking statements due to the following factors, among others: (a) material adverse changes in economic or industry conditions generally, including global supply and demand conditions and prices for our specialty materials and changes in international trade duties and other aspects of international trade policy; (b) material adverse changes in the markets we serve; (c) our inability to achieve the level of cost savings, productivity improvements, synergies, growth or other benefits anticipated by management from strategic investments and the integration of acquired businesses; (d) volatility in the price and availability of the raw materials that are critical to the manufacture of our products; (e) declines in the value of our defined benefit pension plan assets or unfavorable changes in laws or regulations that govern pension plan funding; (f) labor disputes or work stoppages; (g) equipment outages; (h) business and economic disruptions associated with extraordinary events beyond our control, such as war, terrorism, international conflicts, public health issues, such as epidemics or pandemics, natural disasters and climate-related events that may arise in the future and (i) other risk factors summarized in our Annual Report on Form 10-K for the year ended December 29, 2024, and in other reports filed with the Securities and Exchange Commission. We assume no duty to update our forward-looking statements. SOURCE ATI WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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