$2.2 billion to
be delivered by 2030
FARNBOROUGH, England, July 23,
2024 /PRNewswire/ -- At the Farnborough International
Airshow, ATI Inc. (NYSE: ATI) is celebrating its aerospace
leadership by announcing $4 billion
in new sales commitments through 2040. The majority of the
additional revenue – approximately $2.2
billion – will be delivered in the balance of this decade.
The collective commitments are predominantly for nickel alloys
serving the jet engine market where ATI's high-performance
materials and solutions are differentiated the most.
"These agreements reinforce the value our customers place on
securing critical supply for both the near- and long-term," said
Kim Fields, President and CEO.
"As we partner with our customers to solve their greatest
challenges, we are gaining market share and earning improved
contractual positions. These new commitments reinforce our
confidence that ATI is well-positioned to achieve our financial
targets in 2025 and 2027 and beyond," said Fields.
The new sales commitments represent an estimated $500 million of revenue in 2025 and $550 million in 2027. Approximately 20% of these
revenues are incremental to ATI's previously announced financial
targets.
ATI: Proven to Perform.
ATI (NYSE: ATI) is a global producer of high performance
materials and solutions for the global aerospace and defense
markets, and critical applications in electronics, medical and
specialty energy. We're solving the world's most difficult
challenges through materials science. We partner with our customers
to deliver extraordinary materials that enable their greatest
achievements: their products fly higher and faster, burn hotter,
dive deeper, stand stronger and last longer. Our proprietary
process technologies, unique customer partnerships and commitment
to innovation deliver materials and solutions for today and the
evermore challenging environments of tomorrow. We are proven to
perform anywhere. Learn more at ATImaterials.com.
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SOURCE ATI