ATI and Boeing Extend and Expand Their Long-Term Titanium Products Supply Agreement

  ATI and Boeing Extend and Expand Their Long-Term Titanium Products Supply
  Agreement

Business Wire

PITTSBURGH -- October 16, 2013

Allegheny Technologies Incorporated (NYSE: ATI) today announced that it has
extended its long-term titanium products supply agreement with The Boeing
Company (NYSE: BA). The extension agreement covers value-added titanium mill
products and provides opportunity for greater use of ATI's next-generation and
advanced titanium alloys in both long product and flat-rolled product forms.

“We are pleased to extend and expand our titanium products supply agreement
with Boeing,” said Rich Harshman, Chairman, President and Chief Executive
Officer. “The new agreement enhances and solidifies our strategic relationship
with The Boeing Company and recognizes the ongoing requirement to provide
enabling technology, increased value-added titanium products, and supply chain
efficiency.

“Through this expanded and extended agreement, ATI is well-positioned to
participate in Boeing’s significant growth into the next decade. ATI’s
strategic investments, acquisitions, and new product development provide the
capacity and unique capability to produce titanium products from raw material
(titanium sponge) to value-added mill products, including next-generation and
advanced titanium alloys in both long product and flat-rolled product forms.”

This news release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on management's current expectations and include known
and unknown risks, uncertainties and other factors, many of which we are
unable to predict or control, that may cause our actual results, performance
or achievements to materially differ from those expressed or implied in the
forward-looking statements. Additional information concerning factors that
could cause actual results to differ materially from those projected in the
forward-looking statements is contained in our filings with the Securities and
Exchange Commission. We assume no duty to update our forward-looking
statements.

Building the World’s Best Specialty Materials Company™

Allegheny Technologies Incorporated is one of the largest and most diversified
specialty metals producers in the world with revenues of approximately $4.6
billion for the twelve months ending June 30, 2013. ATI has approximately
10,900 full-time employees world-wide who use innovative technologies to offer
global markets a wide range of specialty metals solutions. Our major markets
are aerospace and defense, oil and gas/chemical process industry, electrical
energy, medical, automotive, food equipment and appliance, construction and
mining, and machine and cutting tools. Our products include titanium and
titanium alloys, nickel-based alloys and superalloys, engineered forgings and
castings, zirconium, hafnium, and niobium alloys, grain-oriented electrical
steel, stainless and specialty steels, and tungsten materials. The ATI website
is www.ATImetals.com.

Contact:

Allegheny Technologies Incorporated
Dan L. Greenfield, 412-394-3004
www.ATImetals.com
 
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