Alcoa Wins Titanium Contract with Lockheed Martin for F-35 Joint Strike Fighter
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UBS Cuts Price Target on Alcoa (AA) Following 7c EPS Miss
October 9, 2015 9:09 AM EDTUBS maintained a Buy rating on Alcoa (NYSE: AA), and cut the price target to $12.50 (from $13.00), following the company's 3Q15 earnings results. AA reports adjusted EPS of $0.07 vs. consensus of $0.14.
Analyst Brian MacArthur commented, "AA reported adjusted EPS of $0.07 vs. UBSe of $0.12 and... More
Alcoa (AA) Wins $1.1B Lockheed Martin (LMT) Contract for Titanium Supply to F-35 Lightning II Program
October 7, 2015 9:30 AM EDTAlcoa (NYSE: AA) announced a contract to supply titanium for Lockheed Martins (NYSE: LMT) F-35 Lightning II aircraft program, also known as the Joint Strike Fighter (JSF). Under the contract, Alcoa becomes the titanium supplier for airframe structures for all three variants of the F-35 over nine years, from 2016 to 2024. At current projected build rates, the contract has an estimated value of approximately $1.1 billion.
Alcoa will supply titanium plate and billet from several operations gained through the... More
