ATI Secures Estimated $1.2B In Aerospace And Defense Sales Commitments
Portfolio Pulse from Happy Mohamed
ATI Inc. has secured an estimated $1.2 billion in new sales commitments from leading aerospace and defense companies for nickel and titanium materials. The commitments represent an average of $200 million per year in estimated revenue between 2024 and 2029.
June 19, 2023 | 11:31 pm
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ATI Inc. has secured $1.2 billion in new sales commitments, which will boost its revenue by an average of $200 million per year between 2024 and 2029.
The secured sales commitments will have a positive impact on ATI's stock price in the short term as it represents a significant increase in revenue. The commitments also solidify ATI's position as an industry leader in the aerospace and defense sectors, which will likely attract more investors.
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