Next-generation aircraft are using more titanium. For example, the Boeing 787 Dreamliner is expected to use significantly more titanium as a percentage of total weight compared with older Boeing models.
Allegheny is benefiting from an increase in unconventional techniques used to extract oil and natural gas. The company specializes in alloys that stand up to harsh conditions.
Allegheny's aftermarket aerospace sales should increase as global air traffic continues its steady trend upward. Read more
Allegheny is leveraged to cyclical end markets, and its financial results have been volatile over the past several years.
Despite surcharge pricing for many of its products, raw material price increases can still dent near-term results for Allegheny.
Even with U.S. stainless steel demand still below highs seen before the recession, ThyssenKrupp and Outokumpu are adding stainless capacity in Alabama. Read more
Richard Harshman holds the dual roles of chairman and CEO. He has been at the helm since May 2011 and held numerous positions at Allegheny before ascending to the top spot. He has been with the firm for 34 years. In our opinion, Harshman's long record Read more
Allegheny Technologies supplies diversified metals to a variety of end markets, including aerospace, energy, medical, and automotive. Some of the firm's major products include Read more