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November 12, 2007

Alcoa Defense Awarded Contract for Naval Design Services

WASHINGTON--Alcoa (NYSE:AA) announced today that it has been awarded a contract from the Naval Surface Warfare Center’s Carderock Division for design and engineering services. These services will assist in the development of selected assemblies and components of the Littoral Combat Ship (LCS) and other naval vessels, particularly high-speed craft that navigate shallow waters.

“This is a great opportunity for us to showcase the significant contributions we can make when involved at the earliest stages of the engineering process,” said Dr. Jimmy Williams Jr., director of research and development, Alcoa Defense. “We will collaborate with a number of leading original equipment manufacturers and use our expertise in maximizing aluminum performance to enhance their designs. This contract may enable a number of breakthroughs in naval technology, such as new marine alloys, fire retardant coatings or new aluminum joining techniques, which will benefit all future naval vessels.”

The U.S. Congress funded the contract in recognition of the design and engineering services that Alcoa Defense has already provided to the Army and the Air Force under the Army Lightweight Structures Initiative and the Advance Aluminum Aerostructures Initiative.

“We’re very excited to build on our record with the Army and Air Force and establish this type of design partnership with the U.S. Navy,” said David Dobson, president, Alcoa Defense. “We’re honored that the Navy recognizes our ability to help make its ships lighter, faster and stronger.”

About Alcoa Defense

Alcoa Defense partners with industry leaders to design systems and materials that increase the speed, reach, agility and survivability of today's and tomorrow's strategic platforms. Through an unmatched combination of defense and commercial engineering, Alcoa delivers multi-product, lightweight and cost-effective solutions for programs ranging from the F35 Joint Strike Fighter to the M777 howitzer to armored tactical and fighting vehicles. More information can be found at www.alcoadefense.com.

About Alcoa

Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa® wheels, fastening systems, precision and investment castings, structures and building systems. The company has 116,000 employees in 44 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com.