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Aerospace 12% $3.7 billion
Alcoa segments that sell products to this market: Flat-Rolled Products, Engineered Solutions, Extruded and End Products
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Alcoa aerospace products are widely used in the manufacturing of
aircraft and aircraft engines, including high-technology airfoils for jet
engines, fastening systems, and advanced alloys for the fuselage,
wings, landing gear, and wheels. Aerospace products are also serving
defense and space applications.
More than 60% of Alcoa aerospace revenues come from propulsion
and fastening systems.
Orders for large commercial aircraft surpassed 2,750 units in 2007 –
far exceeding last year’s mark of over 1,800. This order total was the
highest in aviation history and easily eclipsed the prior record of
around 2,100 units set in 2005.
Robust orders during the past two years have now pushed backlogs
of large commercial aircraft to close to 7,000 units – at current delivery
rates, this record backlog now equates to approximately seven
years’ worth of production from Airbus and Boeing.
2007 deliveries by both large commercial aircraft OEMs surged to
895 units – an 8% increase versus 2006. Working off the existing
backlog of undelivered aircraft is projected to keep production lines
humming through at least 2011.
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