Kaiser Aluminum Enters into Agreement to Supply Products for Boeing Integrated Defense Systems
September 12 2006 - 8:00AM
Business Wire
Kaiser Aluminum Corporation (NASDAQ:KALU) today announced an
agreement with AMI Metals, Inc., a subsidiary of Reliance Steel
& Aluminum Co. (NYSE:RS), to provide heavy and light gauge
plate, sheet and coil products for Boeing Integrated Defense
Systems (IDS). The contract begins in 2009 and extends through
2012. The new agreement is enabled by a previously-announced $105
million expansion at Kaiser Aluminum's Trentwood, Washington
facility. "Boeing requires the highest-quality materials in the
development of their products, and we're gratified to have been
selected as a supplier for some of their most demanding
applications," said Jack A. Hockema, chairman, president and CEO,
Kaiser Aluminum. "We are proud of our long-term relationship with
Boeing IDS and Kaiser," said Scott A. Smith, president, AMI Metals,
Inc. "We are honored to assist Boeing IDS going forward with the
aluminum products and services needed to support such efforts as
their military aircraft programs. AMI Metals, Kaiser Aluminum and
Boeing IDS have worked together for the past 16 years on several
programs that have resulted in reduced costs, high quality products
and on-time delivery, while also utilizing the optimum best value
and business practices." Kaiser Aluminum's fabricated materials
will be integrated in such Boeing programs as the F-15 Strike
Eagle, the F/A-18 Hornet, the C-17 Globemaster III, the CH-47D/F
Chinook Helicopter, and the V-22 Osprey, the world's first
production tilt-rotor aircraft. Kaiser Aluminum is a leading
producer of fabricated aluminum products for aerospace and
high-strength, general engineering, and automotive and custom
industrial applications. The company has more than 2,000 employees
and 11 plants in North America and produces more than 500 million
pounds annually of value-added sheet, plate, extrusions, forgings,
rod, bar and tube. For more information, visit our Web site at
www.kaiseraluminum.com. F-1056 Kaiser Aluminum press releases may
contain statements that constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995 involving known and unknown risks and uncertainties that
may cause actual results, performance or achievements of the
company to be materially different from those expressed or implied.
Kaiser Aluminum cautions that such forward-looking statements are
not guarantees of future events and that actual events may vary
materially from those expressed or implied in the forward-looking
statements as a result of various factors. These factors include:
(a) the effectiveness of management's strategies and decisions; (b)
the company's ability to complete its expansion projects as planned
and by targeted completion dates; (c) the company's ability to meet
contractual commitments and obligations to supply products meeting
required specifications; (d) customer performance; (e) changes in
defense spending; (f) developments in technology used by the
company, its competitors or its customers; and (h) other risk
factors summarized in the company's Annual Report on Form 10-K (for
example, see Item 1A. "Business --Risk Factors" and Item 7.
"Management's Discussion and Analysis of Financial Condition and
Results of Operations") and other reports filed with the Securities
and Exchange Commission.
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