Kaiser Aluminum Announces New Agreement with Bombardier Aerospace to Continue and Increase the Supply of Aluminum Plate and Sheet Products

FOOTHILL RANCH, Calif.--(BUSINESS WIRE)--

Kaiser Aluminum (NASDAQ:KALU) today announced it has entered into a new agreement to supply Bombardier Aerospace with aluminum plate and sheet products. The long-term contract will run through 2012 and extends Kaiser Aluminum's long-standing relationship with Bombardier.

Kaiser Aluminum's plate and sheet product will be used to produce components of Bombardier's aircraft. The increase in volume contemplated under the new agreement was possible as a result of additional capacity created by Kaiser Aluminum's $105 million expansion at its Trentwood rolling mill in Spokane, Washington.

"As a result of the capacity expansion at our Trentwood facility, we've created the opportunity to meet Bombardier's demand for high-quality fabricated aluminum products," said Jack A. Hockema, chairman, president and CEO, Kaiser Aluminum.

Bombardier Aerospace is a world leader in the design and manufacture of innovative aviation products and services for the regional, business and amphibious aircraft markets. It also offers fractional ownership and aircraft charter and management services, technical services, aircraft maintenance & pilot training, as well as military aircrew training.

Kaiser Aluminum is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, and automotive and custom industrial applications. The company has more than 2,000 employees and 11 plants in North America and produces more than 500 million pounds annually of value-added sheet, plate, extrusions, forgings, rod, bar and tube. For more information, please see www.kaiseraluminum.com.

Kaiser Aluminum press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks and uncertainties that may cause actual results, performance or achievements of the company to be materially different from those expressed or implied. Kaiser Aluminum cautions that such forward-looking statements are not guarantees of future performance or events and involve significant risks and uncertainties, and that actual events may vary materially from those expressed or implied in the forward-looking statements as a result of various factors. These factors include: (a) the company's ability to complete its expansion projects as planned and by targeted completion dates; (b) the company's ability to meet contractual commitments and obligations to supply products meeting required specifications; (c) customer performance; (d) developments in technology used by the company, its competitors or its customers; and (e) other risk factors summarized in the company's reports filed with the Securities and Exchange Commission.

Source: Kaiser Aluminum

Released March 6, 2007