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July 9, 2001

Alcoa Awarded Long-Term Rolls-Royce plc Contract

DARIEN, Conn--July 9, 2001-- Alcoa announced today that its Howmet Castings business and Rolls-Royce plc have agreed on the principles of a long-term contract for the supply of high-technology, single-crystal investment castings for the Rolls-Royce Trent 500® engine program.

The agreement covers high-pressure and intermediate-pressure turbine components, both nozzle guide vanes and seal segments. Once this contract is in place, Howmet will be supplying 90% of Rolls-Royce’s requirements for these investment cast turbine components for the Trent 500® engine.

Howmet continues to support Rolls-Royce production, engine development and design programs from manufacturing facilities in: Exeter, in the United Kingdom; Dives sur Mer and Gennevilliers, in France; Wichita Falls, Texas; Winsted, Connecticut; Whitehall, Michigan; and La Porte, Indiana, in the U.S.A. Howmet will also provide support from its Corporate Engineering Center in Hampton, Virginia, U.S.A.

According to James R. Stanley, Howmet’s president and ceo, “The new agreement marks a significant milestone in the development of the Rolls-Royce-Howmet relationship, in that it takes a longer-term view of our joint business opportunities.”

Alcoa (www.alcoa.com) is the world’s leading producer of primary aluminum, fabricated aluminum and alumina. It is active in all major segments of the industry: technology, mining, refining, smelting, fabricating and recycling. Among its related businesses are packaging, precision castings, vinyl siding and plastic bottles and closures. Alcoa has 142,000 employees in 37 countries. Howmet Castings (www.howmet.com) is the world’s largest manufacturer of precision castings, primarily for jet aircraft and industrial gas turbine engines.

Editorial Contact:
Doreen L. Deary
Howmet Castings
203-857-3133


William J. Libby
Libby Communications
203-431-8480