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Alcoa CEO on US: 'This place rocks'

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.

Meanwhile, he touted Alcoa's a $1.1 billion, 10-year supply agreement with Pratt & Whitney. As part of the deal, Alcoa will provide key parts to the United Technologies unit, including forging for aluminum fan blades for jet engines.

"We are going … where no man has gone before in terms of material solutions. And it helps directly in the efficiency. it's going to be 36 percent less weight than a titanium blade and it's going to be cheaper," Kleinfeld said.

Also Monday, United Technologies CEO Louis Chenevert told CNBC: "The deal with Alcoa … is very important to the ramp up of production we're going to have over the next couple years."


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