Alcoa Signs $2B Aluminum Deal With Airbus

Alcoa Inc. (AA), the world's largest aluminum producer, Wednesday said it has signed a long-term deal worth nearly $2 billion in revenues to provide European aircraft manufacturer Airbus with high-performance sheet and plate products.

Alcoa said the deal, which runs through December 2011, covers aircraft including the A380F (search) cargo plane and the A350 wide-body passenger plane. The two sides also signed an agreement in principle for other extrusion products.

The deal was announced at the Paris Air Show (search), where Airbus has announced 82 orders for the A350. Airbus is majority-owned by EADS.

Alcoa said last week it would expand its aerospace heat-treated sheet and plate capacity by 50 percent to meet customer demand.