aircraft demand in coming years could outstrip suppliers' capabilities.
30,900 new airplanes over the next 20 years, valued at $3.6 trillion. Airbus
projects that almost 26,000 new passenger jetliners and freighters will be
needed-representing a market value of $3.2 trillion and an increase over the
company's previous forecast by 900 aircrafts.
being propelled by demand in fast-rising economies in China and India as well
as replacement of fuel-draining aircrafts with efficient new planes such as the
Boeing Dreamliner 787.
Dreamliner is already more than three years behind schedule in part because of fastener
shortages and other supply chain problems.
supply chain issue could affect engines. Complex, highly efficient
next-generation engines consume large amounts of special metal alloys. Specialty
alloys made of titanium, nickel and other metals represent 95 percent of the
weight of a jet engine.
The number of
jet engines required in 2013 is projected at 2,502,566 more than were required
in 2010. That's a 23 percent surge for a metals' industry coming off a
supply chain challenges as aerospace customers increase capacity and ramp
production rates," Pat Hassey, CEO of Allegheny Technology Industries (ATI) said
last month at the Credit Suisse 2010 Aerospace & Defense Conference.
specialty metals' producers such as ATI and Carpenter Technology have been
boosting capacity to meet projected demand.
has also been adding capacity for titanium and superalloys, as well as forward
integrating in the supply chain. One big move is the $778 million acquisition
of Cudahy, WI.
unique industry-leading product portfolio combined with Ladish's
technologically advanced forging, investment casting and machining capabilities
creates a more integrated, stable and sustainable supply chain for the
aerospace, defense and industrial markets," said Hassey when the acquisition
was announced two months ago.
Technology Corp. is investing
$5 million to expand capacity to produce aerospace fasteners and recently
brought on line a $115 million premium vacuum
melt facility in Wyomissing, PA. Additional investments in hot working capacity
are being evaluated.
applications targeted by Carpenter Technology for its specialty metals fit in
three categories: fasteners (airframe and pylon); structural (landing gear,
avionics, flaptrack/slat track components) and engine components. The slat
track is located in the leading edge mechanism and is normally produced in high
alloy steel. Specialty metals used for engine components include chromium-nickel-iron-based superalloys.