Allegheny Inks Boeing Deal

The pact is worth $2.5 billion.
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Allegheny Technologies

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signed a long-term agreement with

Boeing

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covering the supply of titanium products for commercial aerospace applications.

At base prices, the total revenue generated by the agreement from 2007 through 2015 should be around $2.5 billion, Allegheny said Monday.

The titanium mill products covered by the agreement include ingot, billet, bar, rectangle, plate and sheet.