Alcoa Inc (AA) Key Developments | Reuters.com
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Alcoa Inc (AA)

AA on New York Consolidated

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Alcoa Inc approves dividend on mandatory convertible preferred stock
Friday, 20 Nov 2015 01:52pm EST 

Alcoa Inc:Declares dividend of $6.71875 per share on outstanding 5.375% Class B Mandatory Convertible Preferred Stock.Payable on Jan. 1, 2016 to shareholders of record of the Class B Stock at the close of business on Dec. 15.Dividend on the Class B Stock is equivalent to a dividend of $0.671875 per Depositary Share.  Full Article

Alcoa Inc secures Titanium contract with Lockheed Martin for F-35 joint strike fighter
Wednesday, 7 Oct 2015 09:29am EDT 

Alcoa Inc:Wins titanium contract with Lockheed Martin for f-35 joint strike fighter.Contract has an estimated value of approximately $1.1 billion at current projected build rates.Says contract has an estimated value of approximately $1.1 billion at current projected build rates.Says becomes the titanium supplier for airframe structures for all three variants of the f-35 over nine years, from 2016 to 2024.Says Alcoa will supply titanium plate and billet from several operations gained through the rti international metals acquisition.Says contract to supply titanium for Lockheed martin's f-35 lightning II aircraft program.  Full Article

Alcoa Inc signs contract with Airbus for high-tech, multi-material fastening systems
Monday, 5 Oct 2015 08:30am EDT 

Alcoa Inc:Signs contract with Airbus for high-tech, multi-material fastening systems.Says signed an approximately $1 billion contract with Airbus for high-tech, multi-material aerospace fastening systems.Says Alcoa will supply primarily titanium, steel and nickel-based superalloy fastening systems for every Airbus platform.Says Airbus will use alcoa's fastening systems for longer-running platforms including the a330.Says alcoa's fasteners will be used to assemble airbus's a350 xwb and a320neo.  Full Article

Alcoa Inc to Separate into Two Public Companies, Completing Multi-Year Transformation
Monday, 28 Sep 2015 06:30am EDT 

Alcoa Inc:To separate into two industry-leading public companies, completing successful multi-year transformation.Says Alcoa shareholders will own all of the outstanding shares of both the upstream and value-add companies.Says each company will have its own independent board of directors that will include members of the current Alcoa board.Says the separation is intended to qualify as a tax-free transaction to Alcoa shareholders for U.S. federal income tax purposes.Full management teams and boards for both cos will be named in months leading up to launch of two companies in second half of 2016.Says Morgan Stanley and greenhill & co. are serving as financial advisors to Alcoa.Says the value-add company will be named prior to closing.Value-add company will include global rolled products, engineered products and solutions, transportation and construction solutions.Value-add company will include global rolled products, engineered products and solutions, and transportation and construction solutions.Alcoa is currently targeting to complete the separation in the second half of 2016.Says the value-add company targeting an investment grade rating and the upstream company a strong non-investment grade rating.Rpt-alcoa to separate into two industry-leading public companies, completing successful multi-year transformation.  Full Article

Alcoa board approves quarterly dividends
Friday, 25 Sep 2015 11:54am EDT 

Alcoa Inc:Declares a quarterly common stock dividend of 3 cents per share.Payable Nov. 25 to holders of record of the common stock at the close of business on Nov. 6.Declares a dividend of 93.75 cents per share on Alcoa's $3.75 cumulative preferred stock.Payable January 1, 2016 to holders of record of the Class A Stock at the close of business on December 11, 2015.  Full Article

Alcoa completes automotive expansion in tennessee
Thursday, 24 Sep 2015 09:00am EDT 

Alcoa Inc:$300 million project in Tennessee began customer shipments earlier this month.Alcoa and danieli group announced they have entered into a letter of intent to work toward an agreement to sell micromill equipment.  Full Article

Ford Motor Co, Alcoa Inc collaborate on more formable and design-friendly next-generation aluminum alloys
Monday, 14 Sep 2015 04:00pm EDT 

Ford Motor Co and Alcoa Inc:Says are collaborating to produce next-generation automotive aluminum alloys that are more formable and design-friendly.Says Ford will use Alcoa's Micromill((reg))material in multiple components on the 2016 F-150 - becoming the first automaker to use the advanced automotive aluminum commercially.Ford will begin using Micromill material in 2016 F-150 production in the fourth quarter of 2015, and plans to increase its use over the next several years on a range of vehicle components and future platforms.It is projected Ford's use of Micromill material on its vehicles will more than double from 2016 to 2017.  Full Article

Alcoa Inc realigns downstream portfolio to drive greater profitability as transformation continues
Thursday, 23 Jul 2015 09:04am EDT 

Alcoa Inc:Realigns downstream portfolio to drive greater profitability as transformation continues.Says downstream portfolio will become two segments.Says realignment of its downstream segment as the company's value-add portfolio expands.Says external reporting for alcoa's new transportation and construction solutions segment will begin in third quarter 2015.Says one segment with a core focus on aerospace, and the other centered on the construction and commercial wheels markets.  Full Article

Alcoa Inc completes acquisition of RTI International Metals
Thursday, 23 Jul 2015 09:01am EDT 

Alcoa Inc:Completed acquisition of RTI International Metals Inc.Says merger announced on March 9 became effective today.  Full Article

Alcoa Inc Board Approves Quarterly Dividends
Tuesday, 21 Jul 2015 04:27pm EDT 

Alcoa Inc:Says Board approves quarterly dividends.Declared a quarterly common stock dividend of 3 cents per share payable August 25, 2015.  Full Article

Producers seek Q3 aluminium premiums of $100-110/T from Japan buyers

TOKYO, June 7 Top aluminium producers have offered Japanese buyers premiums of $100-110 per tonne for July-September primary metal shipments, down 4-15 percent from the previous quarter, three sources directly involved in pricing talks said on Tuesday.