ATI to Maintain Current Production Schedules for 737 MAX and LEAP 1-B
April 08 2019 - 7:30AM
Business Wire
Allegheny Technologies Incorporated (NYSE: ATI) affirmed that it
anticipates maintaining its current production and shipping
schedules for all materials and components supplied to the Boeing
737 MAX and CFM LEAP 1-B programs during the recently announced
temporary aircraft production slowdown scheduled to begin in
mid-April 2019.
“We are in daily contact with our key customers and we will
continue to reliably meet our supply commitments that support their
production schedules for the 737 MAX, LEAP 1-B and other major
aerospace programs,” said Robert S. Wetherbee, President and Chief
Executive Officer. “We continue to prioritize operational and
delivery reliability to allow our partners to focus on mitigating
the impact of this production adjustment without concern. We have
full confidence in Boeing and its global engine supply chain to
continue building on momentum gained over the last year to meet the
historic ramp up for this important aircraft.”
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements 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,
that may cause our actual results, performance or achievements to
materially differ from those expressed or implied in the
forward-looking statements. Additional information concerning
factors that could cause actual results to differ materially from
those projected in the forward-looking statements is contained in
our filings with the Securities and Exchange Commission. We assume
no duty to update our forward-looking statements.
Creating Value Thru Relentless Innovation™
ATI is a global manufacturer of technically advanced specialty
materials and complex components. ATI revenue was $4.0 billion for
the twelve-month period ended December 31, 2018. Our largest
markets are aerospace & defense, particularly jet engines. We
also have a strong presence in the oil & gas, electrical
energy, medical, automotive, and other industrial markets. ATI is a
market leader in manufacturing differentiated specialty alloys and
forgings that require our unique manufacturing and precision
machining capabilities and our innovative new product development
competence. We are a leader in producing powders for use in
next-generation jet engine forgings and 3D-printed aerospace
products. See more at our website ATImetals.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190408005405/en/
Investors:Scott A.
Minder412-395-2720scott.minder@atimetals.com
Media:Natalie
Gillespie412-394-2850natalie.gillespie@atimetals.com
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