Alcoa to produce lighter jet engine blades in Virginia

|By:, SA News Editor

Alcoa (AA +0.3%) says it plans to invest $25M at its power and propulsion facility in Hampton, Va., to start production of its highest-volume jet engine blades that are 20% lighter-weight with significantly improved aerodynamic performance.

Alcoa will add equipment for a new production line and modify existing machinery to produce the blades for next-generation aircraft engines; the expansion will start this month and is expected to be completed by Q4 2015.

While the financial size of the project is small relative to Alcoa's size, it is the company's second move in three weeks to expand its aerospace operations.