Kaiser Aluminum Corporation announced that it has reached agreement in principle with Airbus to supply aluminum plate and sheet for use in the production of commercial aircraft.

The multi year agreement is subject to definitive documentation will commence upon the completion of the companies' existing supply agreement and will extend Kaiser Aluminum's longstanding role as a major supplier of high quality semi fabricated aluminum products to Airbus.

Mr Jack A Hockema president, CEO and chairman of Kaiser Aluminum said that "The commercial aerospace industry is poised for significant growth, and Airbus is positioned well to benefit from this strong demand. We are very pleased with the opportunity to continue as a strategic supplier of high quality aluminum plate and sheet for their aerospace requirements and build on the strong, long term relationship between our two companies. Additionally, we are confident that our recently launched KaiserSelect solutions will significantly contribute to Airbus's success."