Alcoa to spend $110M on aluminum press for F-35
Aluminum giant Alcoa says it will spend $110 million to refurbish the 50,000-ton Cleveland Works press -- one of the largest pieces of industrial equipment in the U.S. -- to boost production of aluminum-alloy bulkheads for the F-35. Under its 10-year, $360 million contract with Lockheed Martin Corp., Alcoa is currently producing parts on a 35,000-ton press, but says the bigger press will be needed to meet the Pentagon's ambitious production goals. "The F-35 absolutely is the driving factor" behind the pricey overhaul, according to Alcoa.
Bloomberg | 11/05
This story published in AIA dailyLead on 11/05/2009
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