Allegheny Technologies Announces New Long-Term Agreement

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Tue Sep 8, 2009 8:36am EDT

PITTSBURGH--(Business Wire)--
Allegheny Technologies Incorporated (NYSE: ATI) announced that it has signed a
ten-year sourcing agreement with Rolls-Royce plc for the supply of nickel-based
superalloy disc-quality products for commercial jet engine applications. The
agreement covers products sold by ATI Allvac, an ATI operating company, to the
customer`s first tier suppliers (forgers). Potential revenue is estimated to be
between $750 million and $1 billion. 

"We are pleased to be developing a long-term strategic relationship with this
important customer to supply the critical metallics needed for aeroengine
disc-quality products," said L. Patrick Hassey, Chairman, President and Chief
Executive Officer of Allegheny Technologies. "ATI has consistently invested in
unsurpassed manufacturing capabilities to position ATI as the premier specialty
metals company. In addition, ATI brings new products with unsurpassed quality
and support systems to continue to benefit the customer and its supply chain.
Our new titanium and superalloy forging facility located in Bakers, NC is being
completed in 2009. This facility should enable ATI to achieve ever higher
standards to meet the demanding fuel efficiency requirements of the jet engine
market." 

This news release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Certain statements in this
news release relate to future events and expectations and, as such, constitute
forward-looking statements. Forward-looking statements include those containing
such words as "anticipates," "believes," "estimates," "expects," "would,"
"should," "will," "will likely result," "forecast," "outlook," "projects," and
similar expressions. Forward-looking statements are based on management`s
current expectations and include known and unknown risks, uncertainties and
other factors, many of which we are unable to predict or control, that may cause
our actual results, performance or achievements to materially differ from those
expressed or implied in the forward-looking statements. Important factors that
could cause actual results to differ materially from those in the
forward-looking statements include: (a) material adverse changes in economic or
industry conditions generally, including credit market conditions and related
issues, and global supply and demand conditions and prices for our specialty
metals; (b) material adverse changes in the markets we serve, including the
aerospace and defense, construction and mining, automotive, electrical energy,
chemical process industry, oil and gas, medical and other markets; (c) our
inability to achieve the level of cost savings, productivity improvements,
synergies, growth or other benefits anticipated by management, including those
anticipated from strategic investments and the integration of acquired
businesses, whether due to significant increases in energy, raw materials or
employee benefits costs, the possibility of project cost overruns or
unanticipated costs and expenses, or other factors; (d) volatility of prices and
availability of supply of the raw materials that are critical to the manufacture
of our products; (e) declines in the value of our defined benefit pension plan
assets or unfavorable changes in laws or regulations that govern pension plan
funding; (f) significant legal proceedings or investigations adverse to us; (g)
other risk factors summarized in our Annual Report on Form 10-K for the year
ended December 31, 2008, and in other reports filed with the Securities and
Exchange Commission. We assume no duty to update our forward-looking statements.


Building the World`s Best Specialty Metals Company

Allegheny Technologies Incorporated is one of the largest and most diversified
specialty metals producers in the world with revenues of $5.3 billion during
2008. ATI has approximately 8,700 full-time employees world-wide who use
innovative technologies to offer global markets a wide range of specialty metals
solutions. Our major markets are aerospace and defense, chemical process
industry/oil and gas, electrical energy, medical, automotive, food equipment and
appliance, machine and cutting tools, and construction and mining. Our products
include titanium and titanium alloys, nickel-based alloys and superalloys,
grain-oriented electrical steel, stainless and specialty steels, zirconium,
hafnium, and niobium, tungsten materials, and forgings and castings. The
Allegheny Technologies website is www.alleghenytechnologies.com. 



Allegheny Technologies Incorporated
Dan L. Greenfield, 412-394-3004 

Copyright Business Wire 2009

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