Alcoa, Airbus ink supply chain deal  A new deal between two of the world's biggest players in their respective industries is aimed at cutting business costs and represents an achievement in strategic sourcing, according to a published report.

The Wall Street Journal reports that Alcoa Inc. and Airbus have entered into a multi-year supply chain agreement that will see Alcoa supplying Airbus with its aluminum sheet and plate products. The deal, which is reportedly worth more than $1 billion, will help Airbus to build more fuel- efficient aircrafts, along with a host of other benefits, according to industry analysts.

Alcoa will supply Airbus with its current and advanced-generation aluminum alloys, which analysts affirm are utilized in the construction of fuel efficient aircraft and other emerging technologies that Airbus is working on developing. The companies agreed to the new supply chain deal at this week's Paris Air Show.

According to the news source, Alcoa's products will be used in virtually all of Airbus' commercial aircraft programs. Alcoa's researchers have, over the past few years, developed metal alloys that are more than 10 percent lighter than older materials.
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