ATI Inks Agreement With Airbus to Supply Titanium Products

Group 1 - ATI Inc. has signed a multi-year agreement with Airbus, becoming the top supplier of titanium plate, sheet, and billet, which more than doubles its previous support for Airbus [1] - The company’s production capabilities, bolstered by significant investments in titanium capacity, allow it to meet the increasing demand for high-purity melt and exceptional titanium products [2] - Alloy titanium sheet production will occur at ATI's new facility in Pageland, SC, further solidifying its position in the aerospace and defense sectors [3] Group 2 - ATI currently holds a Zacks Rank 2 (Buy), indicating a positive outlook for the company [4] - Other top-ranked stocks in the Basic Materials sector include Akzo Nobel N.V. (Zacks Rank 1), Newmont Corporation (Zacks Rank 1), and Balchem Corporation (Zacks Rank 2) [4]