Aluminium supplier Alcoa Inc has reported signing a long-term contract to supply Boeing with aluminum sheet and plate that is worth more than US$1 billion. Alcoa said the new contract is the largest-ever between the two companies. Alcoa did not disclose a precise value or time frame for the deal. The deal is part of Alcoa’s bid to expand its presence in the aerospace sector after it announced a US$2.85 billion deal in June to buy jet engine parts manufacturer Firth Rixson. Alcoa said the agreement announced on Thursday “establishes a foundation for continued collaboration” on new alloys, including aluminum-lithium.

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