SHERIDAN, WYOMING - April 14, 2026 - ATI Inc., a U.S.-based producer of high-performance specialty materials and components, has executed a sequence of coordinated strategic moves that together reinforce its full repositioning around aerospace and defense: separate long-term titanium supply agreements with Boeing and Airbus, new manufacturing capacity in South Carolina and Florida, the sale of non-core strip operations, and a leadership realignment that places CEO Kimberly A. Fields in the additional role of Board Chair effective May 14, 2026. The moves follow a formal GICS reclassification to Aerospace and Defense in May 2025 and are backed by four consecutive quarters of broadly stable revenue above $1.1 billion.
Aerospace Supply Chain Anchoring
ATI extended and expanded its long-term titanium products agreement with The Boeing Company, reinforcing its position as a top-tier supplier of high-performance titanium materials for aerospace. Separately, ATI signed a multi-year agreement with Airbus, securing supply of titanium plate, sheet, and billet to support the airframer's ramp of narrow and widebody aircraft production. The dual OEM agreements position ATI as a primary titanium flat-rolled and long-products supplier to two of the world's largest commercial airframers simultaneously - a supply chain footprint that both reflects and deepens the company's sector concentration.
Business Impact
ATI's quarterly revenue held broadly stable throughout 2025, ranging from $1.13 billion to $1.2 billion across all four quarters, with net income attributable to ATI reaching $97 million, or $0.69 per share, in Q4 2025. Full-year quarterly net income ranged from $97 million to $119 million. To support long-term demand, ATI authorized a multi-year $700 million share repurchase program and introduced a new 12,500-ton billet press to address unprecedented customer demand for titanium. A six-year labor agreement ratified with the United Steelworkers provides workforce continuity across production operations.
Capacity Expansion and Portfolio Reshaping
ATI commissioned a titanium alloy sheet production facility in Pageland, South Carolina - a technically challenging product critical to airframe manufacturers for aerostructure components and assemblies. The company simultaneously opened a new Additive Manufacturing Products facility in Margate, Florida, incorporating large-format metal additive manufacturing with vertically integrated design, printing, heat treating, machining, and inspection under one roof. On the portfolio side, ATI completed the sale of its precision rolled strip operations in New Bedford, Massachusetts, and Remscheid, Germany to Ulbrich Stainless Steels and Special Metals, Inc., narrowing its focus away from commodity strip products.
Leadership and Governance Shifts
The Board of Directors elected Kimberly A. Fields - currently President and CEO - to also serve as Board Chair effective May 14, 2026, consolidating strategic direction under a single executive. J. Robert Foster was named Senior Vice President, Finance and CFO effective January 1, 2026, succeeding Don Newman, who retired March 1, 2026, after agreeing to serve in an advisory capacity during the transition. ATI also appointed two aerospace-focused executives, Elizabeth Lund and Jean Lydon-Rodgers, to its Board effective November 1, 2025, explicitly to strengthen its ability to deliver shareholder value and accelerate growth in aerospace and defense markets.
Key facts:
- Q4 2025 sales: $1.2 billion; net income attributable to ATI $97 million ($0.69/share)
- Long-term titanium supply agreements in place with both Boeing and Airbus
- New titanium alloy sheet facility commissioned in Pageland, South Carolina
- New additive manufacturing facility opened in Margate, Florida
- GICS reclassification to Aerospace and Defense effective May 1, 2025; sale of precision rolled strip operations to Ulbrich completed