FOOTHILL RANCH, California, June 6, 2005 -- Kaiser Aluminum announced that it has signed a new agreement to supply Airbus with heat treat aluminum sheet and plate from 2005 through 2011.
"Kaiser has been a supplier primarily of lightweight sheet to Airbus for many years," said Jack A. Hockema, President and Chief Executive Officer of Kaiser Aluminum. "However, the new agreement represents an important piece of committed business for Kaiser and is an outgrowth of the Airbus qualification of additional Kaiser sheet and plate products in 2004."
Hockema said, "Airbus has clearly demonstrated an increased demand for aluminum sheet and plate, as evidenced in part by the development of the new A380, and we are pleased that this agreement enables Kaiser to be part of a valued customer's growth story."
Hockema added, "Kaiser has long been recognized as one of the world's top producers of aluminum sheet and plate for aerospace applications. This new agreement demonstrates our strong competitive position. It is also a tremendous vote of confidence in the performance of the Trentwood, Washington, mill where these products are produced by an exceptionally skilled and dedicated workforce."
Headquartered in Toulouse, France, Airbus is jointly owned by the European Aeronautic Defence and Space Company (80%) and BAE Systems (20%).
Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.
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