Alcoa Announces Multi-Year Aluminum Deal With Airbus Worth $

Alcoa  announced today it has been awarded a new multi-year supply deal by Airbus for aluminum sheet and plate products. The agreement was reached this week at the Paris Air Show between executives of the companies. Exact terms were not discussed, but the deal is worth about $1.0 billion over its duration. Alcoa has a potential upside of 31.1% based on a current price of $15.28 and an average consensus analyst price target of $20.03..

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