ATI

Name

ATI

Legal name

Allegheny Technologies Incorporated

Website

https://atimaterials.com

Company type

Public

Founded year

1859

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Specialty Materials and Components for Aerospace and Defense

NAICS

Aerospace Product and Parts Manufacturing (33641), Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419)

SIC

Aircraft & Parts (3720), Aircraft Engines & Engine Parts (3724), Guided Missiles & Space Vehicles & Parts (3760)

akta.pro primary industry

Aerospace Structural Metals & Alloys (Titanium, Aluminum, Nickel) (IMABANAL)

akta.pro secondary industries

Military Aircraft Structures, Airframes & Composites (IMABAMAH), Aerospace & Defense (Production AM Parts) (IMAAAEAA)

Keywords

• Specialty materials manufacturing
• Aerospace titanium alloys
• Nickel-based superalloys
• Metal additive manufacturing
• Forged aerospace components

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. High Performance Materials & Components (HPMC): Generates revenue from titanium, nickel-based alloys, specialty materials, and engineered components for aerospace and defense applications. This segment accounts for approximately $2.68 billion in annual revenue.
2. Advanced Alloys & Solutions (AAS): Revenue from specialty alloys, specialty rolled products, and standard stainless sheet products for industrial markets including energy, medical, and electronics. This segment generates approximately $2.37 billion in annual revenue.
3. Long-term Supply Agreements: Revenue from multi-year supply agreements with major aerospace manufacturers including Boeing, Airbus, and defense contractors. These agreements provide revenue visibility and typically include price escalation clauses.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ATI manufactures and sells high-performance specialty materials including titanium and titanium alloys, nickel-based superalloys, specialty steels, and medical Nitinol, along with forged, machined, additively manufactured, and rolled components. The company operates two segments — High Performance Materials & Components (HPMC) for aerospace, defense, and specialty energy; and Advanced Alloys & Solutions (AAS) for aerospace, defense, medical, and industrial markets. Products are sold primarily to aerospace OEMs (Boeing, Airbus) and defense contractors through long-term supply agreements, with aerospace and defense now comprising about 68% of revenue.

Product overview

ATI is a specialty materials company offering a diverse portfolio of high-performance materials, components, and advanced manufacturing solutions. The company operates across two primary business segments: High Performance Materials and Components (HPMC) and Advanced Alloys and Solutions (AAS). HPMC includes Additive Manufacturing, Forged Products, Specialty Materials, Powder Metals, and Machined Components serving aerospace, defense, and specialty energy markets. AAS comprises Specialty Alloys & Components, Specialty Rolled Products, and Standard Stainless Sheet Products serving aerospace, defense, medical, and industrial markets. The portfolio includes titanium and titanium alloys, nickel-based alloys and superalloys, medical Nitinol, and comprehensive stainless and specialty steel products. Manufacturing capabilities span melting, forging, rolling, powder production, and additive manufacturing, with key facilities including the $1.2 billion Hot Rolling and Processing Facility (HRPF) and a 132,000-square-foot Additive Manufacturing Products facility in Florida.

Differentiator

Problem solved

Functional benefit

Brands

• High Performance Materials and Components (HPMC): Business segment producing advanced materials including titanium, nickel-based alloys, and specialty materials for aerospace, defense, and medical applications
• Advanced Alloys and Solutions (AAS)
• Additive Manufacturing Products (AMP)
• Precision Rolled Strip

Products and services

• High Performance Materials and Components (HPMC)

Quantifiable outcome

• Record backlog of $4.1 billion, up 10% sequentially
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core, minor and strategic.

• BWX Technologies (BWXT)coreStrategic or Co-development Partner · 11 June 2026Five-year strategic material supply agreement to support the U.S. Naval Nuclear Propulsion Program through fiscal year 2030, extending a partnership spanning more than 40 years. ATI supplies advanced specialty materials including specialty titanium, nickel-based alloys, and other high-performance materials for nuclear applications used in naval systems.
• BoeingcoreStrategic or Co-development Partner · 31 July 2025Extended and expanded long-term titanium products agreement with The Boeing Company, reinforcing ATI's position as a top supplier of high-performance titanium materials for aerospace commercial programs.
• Nikon SLM SolutionscoreTechnology or Integration · 18 May 2025Collaboration to boost hypersonic and naval propulsion manufacturing. ATI's Margate, Florida facility uses Nikon SLM Solutions' extended NXG systems for large-format 3D printed metal components up to 1.5 meters in height.
• AirbuscoreStrategic or Co-development Partner · 1 May 2025Multi-year agreement for titanium plate, sheet and billet securing the airframer's supply as it continues to ramp production of narrow and widebody aircraft. Positions ATI as a top supplier of titanium flat rolled and long products to Airbus.
• Bechtel Plant Machinery Inc. (BPMI)coreStrategic or Co-development Partner · 13 February 2025Contract for development of highly engineered part solutions in support of the U.S. Naval Nuclear Propulsion Program using advanced manufacturing methods including metal additive manufacturing. Part of an $889 million Navy deal extending through 2033.
• University of Strathclyde's Advanced Forming Research Centre (AFRC)minorStrategic or Co-development Partner · 25 July 2024ATI became the 100th member of the AFRC, a global leader in innovative manufacturing technologies and metal forming and forging research, extending technology leadership in advanced forming research.
• Confluent Medical TechnologiesstrategicStrategic or Co-development Partner · 1 January 2024Investment partnership where Confluent invested over $50 million in ATI's Nitinol melt and materials conversion infrastructure to more than triple ATI's melt capacity for medical Nitinol. Confluent became ATI's fulfillment partner providing value-add services and order-fulfillment for ATI medical Nitinol mill product.
• Lawrence Livermore National LaboratoryminorStrategic or Co-development Partner · 1 January 2023ATI team along with Lawrence Livermore National Laboratory won a DOE award for developing highly-precise manufacturing processes, cutting back on material waste.

Scale indicators14 records

Recent moves16 records

Expansion highlights6 records

Direct peers

• Haynes International: Haynes International manufactures high-performance nickel- and cobalt-based alloys for aerospace, chemical processing, and other demanding applications. Direct competitor to ATI's nickel-based alloys business with overlapping aerospace and industrial customer base.
• Materion Corporation: Materion produces specialty engineered materials including beryllium, copper, and nickel alloys for aerospace, defense, and electronics markets. Comparable to ATI in the specialty alloys segment with similar focus on high-performance materials for demanding applications.
• Carpenter Technology: Carpenter Technology produces premium specialty alloys including titanium, nickel, and cobalt-based alloys for aerospace, defense, and medical markets. Directly comparable to ATI in aerospace alloys and materials, with overlapping customer base and similar focus on high-value specialty metallurgy.
• Howmet Aerospace: Howmet Aerospace (formerly Arconic) is one of the world's largest suppliers of engineered products for aerospace and defense, including titanium and nickel-based superalloys, jet engine components, and fastening systems. Most directly comparable to ATI across both jet engine alloys and aerospace structures, with similar customer base of Boeing, Airbus, and defense primes.
• VSMPO-AVISMA: VSMPO-AVISMA is the world's largest titanium producer, supplying titanium to major aerospace OEMs including Boeing and Airbus. Directly comparable as a major titanium producer in the global aerospace supply chain, though subject to geopolitical considerations following Russia's invasion of Ukraine.

Broad incumbents

• Precision Castparts (Berkshire Hathaway): Precision Castparts is a Berkshire Hathaway subsidiary that manufactures complex metal components and products for aerospace, power, and general industrial markets, including investment castings, forged components, and airfoil castings for jet engines. A larger, more diversified peer in aerospace specialty materials with significant overlap to ATI's forged and cast products.

Emerging players

• Kennametal: Kennametal manufactures tungsten carbide and metalworking tools, with aerospace and defense as key end markets. Partial overlap with ATI in industrial specialty materials and machined components, particularly for aerospace and energy applications.
• Constellium: Constellium manufactures aluminum rolled products and structures for aerospace, packaging, and automotive markets. A specialty metals peer competing with ATI in the airframe structures market, though focused on aluminum rather than titanium/nickel alloys.
• Hexcel Corporation: Hexcel develops and manufactures advanced composite materials for commercial aerospace, space and defense, and wind energy markets. Adjacent to ATI's specialty materials portfolio, with overlapping aerospace customers but different core technology (composites vs. metals).

Regional players

• Toho Titanium: Toho Titanium is a leading Japanese manufacturer of titanium metal products serving aerospace, industrial, and consumer markets. Comparable to ATI's titanium business but primarily serves Asian markets rather than competing head-to-head in North American defense and commercial aerospace.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/allegheny-technologies
• Instagraminstagram.com/atimaterials
• Facebookfacebook.com/atimetals
• YouTubeyoutube.com/@ATImaterials

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries9 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ATI