11.01.2016 - Alcoa received a contract for $ 1.5 billion
Aluminum giant Alcoa announced that it has signed a contract with General Electric for $ 1.5 billion. Under the agreement, the company will supply components from titanium, nickel and aluminum for engines that are produced by General Electric. It is worth noting that today, after the close of trading will be published quarterly results of companies that are expected to be the worst since the beginning of 2014. Despite the probable continuation of the negative dynamics of prices due to lower commodities prices, we expect the company's shares growth in the medium term.