Alcoa Gets $1.5 Bln Supply Contract From GE: WSJ Reports

(RTTNews) - Aluminum producer Alcoa Inc. (AA) would announce a $1.5 billion long-term supply contract on Monday with General Electric Inc.'s (GE) aviation unit, the Wall Street Journal reported.

As per the report, Alcoa, which is reporting its quarterly results today, will supply advanced nickel-based superalloy, titanium and aluminum components for engines and for engine parts made by GE.

Alcoa will make the parts in six U.S. states, as well as France and Canada. Alcoa reportedly said its aerospace division secured approximately $9 billion in contracts during 2015. It has also signed billion-dollar-plus deals to supply Boeing Co. and Airbus Group SE.