Alcoa bullish on aero, auto demand
Apr 09, 2014 | 10:17 AM
| Michael Cowden
CHICAGO Alcoa Inc. doesnt expect cyclicality in the aerospace market for the next decade and is more concerned with having enough capacity to meet automotive demand than about overcapacity.
The Pittsburgh-based aluminum producers bullishness about aerospace comes as orders for large commercial aircraft are up, with backlogs at Chicago-based Boeing Co. and Toulouse, France-based Airbus SAS standing at 10,675 aircraft, Alcoa chairman and chief executive officer Klaus Kleinfeld said during a conference call with analysts following the release of earnings results April 8, noting that the figure represents more than eight years worth of orders.
"I would say that at least for the next six to 10 years, the cyclicality is probably not going to happen," he said, noting that average prices for aircraft are also on the rise.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.