The aim is for RTI to expand Alcoa’s range of titanium offerings and add advanced technologies and materials. Its high-velocity machining, forming, extruding and parts assembly operations will enable Alcoa to produce larger and more complex aerospace components, the company said. Advanced titanium powder metallurgy and processing technology will enable the production of near net shape aerospace components, as well as medical devices and oil and gas products. RTI will also expand Alcoa’s additive manufacturing capabilities to produce titanium, specialty metals and plastic parts for aerospace, medical and energy applications.
Aerospace market
‘Alcoa is accelerating its value-add growth engine by acquiring titanium leader RTI,’ said Klaus Kleinfeld, Alcoa chairman and CEO. ‘We are combining two innovators in materials science and process technology, shifting Alcoa’s transformation into a higher gear.’
Alcoa projects a compounded annual global aerospace market growth rate of 5 to 6 percent through 2019 and sees a current 9-year production order book for commercial jets at 2014 delivery rates.
