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June 17, 2003

Alcoa Howmet Castings Receives JSF Orders

PITTSBURGH & PARIS--(BUSINESS WIRE)--June 17, 2003--Alcoa Howmet Castings, the world's largest investment casting company and a unit of Alcoa Inc., has been awarded contracts by Honeywell International to develop seven components. These new castings will support Honeywell's Thermal Power Management System for the Joint Strike Fighter aircraft.

According to Curtis Draper, Howmet's director of marketing, "The complex components specified in these orders are technically challenging and further demonstrate Honeywell's confidence in Howmet to support the development of critical hardware throughout the demonstrator program."

In addition to the Honeywell order, Howmet has also been awarded sole-source contracts with Pratt and Whitney Aircraft for all six of the turbine airfoils in the JSF main engine.

Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina, 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 as a single solution to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) aluminum foil, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, precision castings, and electrical distribution systems for cars and trucks. The company has 127,000 employees in 40 countries. For more information go to www.alcoa.com