Kaiser Aluminum Corporation (Nasdaq:KALU) today announced it has reached agreement in principle with Airbus to supply aluminum plate and sheet for use in the production of commercial aircraft. The multi-year agreement is subject to definitive documentation, will commence upon the completion of the companies' existing supply agreement, and will extend Kaiser Aluminum's longstanding role as a major supplier of high quality semi-fabricated aluminum products to Airbus.
"The commercial aerospace industry is poised for significant growth, and Airbus is positioned well to benefit from this strong demand," said Jack A Hockema, President, CEO and Chairman. "We are very pleased with the opportunity to continue as a strategic supplier of high-quality aluminum plate and sheet for their aerospace requirements and build on the strong, long-term relationship between our two companies. Additionally, we are confident that our recently-launched KaiserSelect solutions will significantly contribute to Airbus's success."
Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, general engineering, and custom automotive and industrial applications. The Company's North American facilities produce value-added sheet, plate, extrusions, rod, bar, tube and wire products, adhering to traditions of quality, innovation and service that have been key components of our culture since the Company was founded in 1946. The Company's stock is included in the Russell 2000® index and the S&P SmallCap 600® index.