Aircraft, engine backlogs lift aerospace metals

Jul 21, 2014 | 05:23 PM | Frank Haflich

Tags  aerospace, Sterne Agee, titanium, aluminum, nickel, Boeing, Airbus, Peter Arment Josh W. Sullivan

LOS ANGELES — Backlogs for airliners and engines are providing a "momentum lift" to aerospace metals, according to some industry analysts.

With backlogs at Chicago-based Boeing Co. and Toulouse, France-based Airbus SAS at more than 10,000 aircraft and engine backlogs at more than 20,000—with higher indicated future engine requirements for nickel-based superalloys and titanium—"demand for aerospace-grade materials continues to have strong tailwinds," Peter Arment, Josh W. Sullivan, Asher Carey and Carter B. Worth, analysts at Birmingham, Ala.-based investment company Sterne Agee Group Inc., said....

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