Alcoa has invested heavily in its U.S. aerospace business in the past 18 months because of the country's leading position in advanced manufacturing, Chairman and CEO Klaus Kleinfeld told CNBC on Monday.
Kleinfeld detailed investments in Virginia, Indiana and Ohio in a "Squawk Box" interview from the Farnborough International Airshow in England. "There is no other country that leads more [in advance manufacturing] than the U.S. does."
"Aerospace, as a net-exporter, has exported in the last year $71 billion from the U.S.," he continued. "This place rocks."
Before joining Alcoa in 2007, the German-born Kleinfeld was CEO of Siemens AG.