Amsterdam, 26 May 2016 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that AMG Titanium Alloys and Coatings ("AMG TAC") has been selected by MTU Aero Engines AG, under a long term supply contract, to provide titanium aluminides ("TiAl") for the production of the Pratt & Whitney PurePower® PW1100G-JM engine. The value of the signed contracts with MTU Aero Engines AG exceeds $40 million.
TiAl combines the heat resistance aspects of nickel alloys with the lightweight characteristics of titanium. AMG's TiAl materials will be used to produce low-pressure turbine blades for the PurePower® PW1100G-JM engine, for use in single aisle aircraft, including the A320neo.
According to Pratt & Whitney, the ultra-efficient PurePower® PW1100G-JM engine delivers double-digit improvements in fuel efficiency, reduces noise by 20 dB and slashes CO2 and NOX emissions.
To support this next stage of expansion, AMG TAC will invest in new AMG Engineering supplied vacuum furnaces to meet the contracted demand. The combined value of current and future supply contracts for AMG's TiAl business, across all customers, exceeds $130 million.
AMG Titanium Alloys and Coatings is a world-leader in the production of advanced materials for the aerospace industry and the largest qualified provider of TiAl feedstock for all major commercial turbine engine manufacturers.