Foothill Ranch-based Kaiser Aluminum Corp. marked another step in its turnaround Wednesday by signing a long-term pact to supply Boeing Co. with sheet and light gauge aluminum plate for use in jets.
The deal extends an existing agreement between Kaiser and Boeing. Terms weren’t disclosed.
Kaiser’s $105 million expansion of its Trentwood Rolling Mill in Spokane, Wash., makes the expanded deal with Boeing possible, the company said.
Decades-old Kaiser recently emerged from four years under bankruptcy reorganization.
In July, the company’s shares moved from the over-the-counter exchange to Nasdaq, where they have a market value of about $3.2 billion.
Kaiser shapes aluminum into custom pieces for customers, which include aerospace companies, automakers and appliance companies. They use Kaiser’s parts in anti-lock brakes, water heaters and airplane wings.
