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Alcoa reported a net loss of $402 million, or $2.17 per share for the second quarter 2019, compared to a net loss of $199 million, or $1.07 per share, in the first quarter of 2019.
The ratings benefit from an Alcoa Corporation (Alcoa) guarantee and reflect Alcoa's modest leverage; leading positions in bauxite, alumina, and aluminum; strong control over costs and spending; and flexibility afforded by the scope of its operations.
Before that, she served in a consulting role at Alcoa Inc's finance department, in association with the separation transaction.
Under this agreement, Alcoa will supply components for the 777X--Boeing's newest commercial airplane--the 737 MAX--scheduled for first delivery in 2017--and the 787 Dreamliner.
"As aerospace growth soars, Alcoa continues to invest in the latest technologies, creating added capacity to capture fast-growing demand," said Olivier Jarrault, executive vice president, Alcoa.
"Since technology is a way for many young people to become more engaged with learning and interacting with their peers, we look forward to expanding our coding program to the tenth grade and are very grateful to the Alcoa Foundation for this gift," said Scott Bowling, President and CEO of the Exceptional Children's Foundation.
Under the deal, which was struck in March, Alcoa purchased RTI in a stock-for-stock transaction with an enterprise value of USD 1.5bn.
The relationship between Alcoa and Wenatchee Valley College extends back to 1990, when Alcoa made its first gift to the college.
"Alcoa's transformation into a lightweight multi-material innovation powerhouse is in part powered by a skilled workforce of top engineering and manufacturing talent," said Alcoa Foundation President Esra Ozer.
"We are deploying a state-of-the-art technology that will significantly improve the performance of some of the best-selling jet engines in the world," said Alcoa chairman and CEO Klaus Kleinfeld.
The new ownership is split among: Alcoa Exchange LLC.
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