Alcoa, United Aircraft Corporation Sign Technology Cooperation Agreement



    MOSCOW & NEW YORK, August 22 /CNW/ - Alcoa (NYSE:  AA) and Russia's United
Aircraft Corporation (UAC) today announced they have signed an agreement
whereby Alcoa will supply UAC with advanced metallic materials, modern
structural concepts and manufacturing technologies for UAC future generation
civil aircraft. The agreement, signed today at the Moscow International
Aviation and Space Salon (MAKC 2008), includes joint technology cooperation on
next generation UAC aircraft and is part of UAC's plan to become the third
largest civil aircraft manufacturer in the world by the year 2015.

    Agreement between UAC and Alcoa in the sphere of technology cooperation
for future generation civil aircraft is a significant and important step to
further develop their technical and commercial opportunities. The ultimate
objective of this cooperation is the implementation of these solutions on UAC
modifications of commercially manufactured aircraft for improvement of
aircraft characteristics.

    Taking reference to UAC and Alcoa specific competencies, capabilities and
joint interests, the main UAC-Alcoa technology cooperation objectives will be:

    --  To upgrade commercially manufactured materials as a result of SAMARA
and BK plants' investment;

    --  To develop competitive and advanced metallic structures for next
generation civil aircraft using advanced metallic materials, most modern
structural concepts and manufacturing technologies;

    --  Drop-in-replacement of modern fastening elements in commercially
manufactured civil aircraft; and

    --  Wide application of fastening elements in future generation civil
aircraft.

    As part of the memorandum of understanding (MOU), Alcoa will open an
Aerospace Technology Centre in Russia to develop specific competencies to
support integrated product teams through:

    --  Extensive testing of Russian and Western alloys and products,
including damage tolerance and fatigue, in close interaction with Russian
Institutes and Universities;

    --  Evaluation of Alcoa Russian alloys and products coming from Alcoa's
Samara and Belaya Kalitva facilities;

    --  Supporting certifications and qualifications of Western alloys and
products for Russian aircraft applications (beginning in the fourth quarter of
2007);

    --  Understanding of Russian aircraft design principles and rules; and

    --  Utilizing Alcoa proprietary trade-studies and design tools for
aircraft structure.

    The Alcoa Aerospace Technology Centre is expected to begin work in 2008.

    The technology cooperation activities will be supported by organizing
Integrated Product Teams, which will be created for the major components for
the next generation civil aircraft such as wings and fuselage. These teams
will develop, evaluate and realize the most promising technical options in
concurrent engineering process. Integrated teams will draft joint activities
plans before the end of 2007.

    Materials included in the supply arrangement - which includes proprietary
alloys, heat-treated sheet and plate, hard-alloy extrusions, and forgings --
will be supplied to UAC from Alcoa's Samara and Belaya Kalitva aluminum
fabricating plants, which are approximately 1,000 kilometers from Moscow.

    As Aleksey Fedorov, UAC President and Chairman of the Executive Board,
said, "UAC, through its vast heritage, has extensive capabilities and
knowledge in aircraft design and manufacturing. Taking that knowledge and
combining it with Alcoa's technical and materials expertise should further
strengthen our positions on the global civil aviation market."

    Helmut Wieser, Alcoa Executive Vice President and Group President of
Global Rolled Products, Hard Alloy Extrusions, Russia and Asia, stated that
Alcoa's connection to the customers and ability to supply cutting edge
materials and technologies has helped Alcoa become the worldwide leader for
the aerospace industry.

    "We look forward to serving UAC and utilizing our expertise to help them
achieve their growth goals, understanding clearly, that signing of the
Memorandum of Understanding is a new and significant step in development of
long-term relationships between Alcoa and the Russian aircraft industry on the
whole," Wieser said.

    About UAC

    JSC UAC was incorporated according to the Decree #140 "On Joint Stock
Company United Aircraft Corporation" signed by RF President V. Putin on
February 20, 2006. The corporation was incorporated on November 20, 2006.
UAC's priorities include design, manufacture, sales, maintenance, upgrades and
utilization of civil and military aircraft.

    The size of UAC's chartered capital is 96.7 billion rubles. Russian
Federation holds 90.1% shares of the corporation. UAC is formed by the
following companies: Sukhoi Aviation Holding Company, Irkut Corporation,
Ilyushin Finance Corp., Komsomolsk-on-Amur Aircraft Production Association,
Joint Stock Company "Ilyushin Aviation Complex", Nizhny Novgorod Aircraft
building plant "Sokol", Novosibirsk Aircraft Production Association, JSC
Tupolev, Finance Leasing Company.

    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(R) wheels, fastening systems, precision and investment castings,
structures and building systems. The company has 122,000 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




For further information:

For further information: Media Contact UAC Maxim Syssoev, 7(495)
540-1420 Mobile 7(495) 920-2782 OR Investor Contact Alcoa Tony Thene,
212-836-2674 or Media Contact Kevin G. Lowery, 412-553-1424 Mobile
724-422-7844 or Oksana Kritikova 7(495) 777-7638 Mobile 7(916) 122-6989

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