Allegheny Technologies Inc
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Materials : Metals & Mining | Small Cap Blend
Company profile

Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, components and machined parts. The FRP segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys, in a range of product forms, including plate, sheet, engineered strip, and Precision Rolled Strip products.

Price
Delayed
$9.38
Day's Change
0.365 (4.05%)
Bid
--
Ask
--
B/A Size
--
Day's High
9.50
Day's Low
8.83
Volume
(Average)

Today's volume of 1,090,702 shares is on pace to be in-line with ATI's 10-day average volume of 1,518,409 shares.

1,090,702

UPDATE: Boeing sees defense, air cargo as brighter spots for its business

12:09 pm ET October 6, 2020 (MarketWatch)
Print

Claudia Assis

Jet maker cuts long-term forecast by $200 billion

Commercial aviation and services markets "will continue to face significant challenges due to the pandemic, while the defense and government services markets remain more stable, Boeing said Tuesday in its yearly outlook.

Boeing (BA) lowered its total market-value forecast by $200 billion to $8.5 trillion over the next decade from a year-ago forecast of $8.7 trillion.

"Airlines globally have begun to recover from a greater than 90% decline in passenger traffic and revenue early this year, but a full recovery will take years," Boeing said.

The company forecast a 11% drop in demand for commercial planes in the next decade and, in a separate outlook for the commercial aviation market, said it sees passenger-traffic growth to increase by an average of 4% a year in the next two decades.

Air-cargo demand, "a relative bright spot in 2020," is expected to grow by 4% a year as well, Boeing said. Shares of Boeing have dropped 49% this year, contrasting with gains around 5% for the S&P 500 index.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 06, 2020 12:09 ET (16:09 GMT)

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