Exhibit 99.1

   Allegheny Technologies and Boeing Sign Long-Term Titanium Products Supply
                                   Agreement

    PITTSBURGH--(BUSINESS WIRE)--Oct. 16, 2006--Allegheny Technologies
Incorporated (NYSE: ATI) announced today that it has signed a
long-term agreement with The Boeing Company (NYSE:BA) for the supply
of titanium products for commercial aerospace applications. The
expected total revenue under the agreement at base prices from 2007
through 2015 is approximately $2.5 billion. The aerospace titanium
mill products covered by the agreement include ingot, billet, bar,
rectangle, plate, and sheet.

    "We are pleased to be a key contributor to Boeing's long-term
commercial aerospace growth plan," said Patrick Hassey, Chairman,
President and Chief Executive Officer of Allegheny Technologies. "ATI
is investing to grow our titanium sponge, melting, and finishing
capabilities to help meet the robust global demand for titanium
products. Through this long-term agreement ATI becomes a major
supplier to The Boeing Company.

    "As a key supplier to the aerospace markets for nearly 50 years,
ATI has consistently invested in technological innovation and
improvement in quality and customer support systems. ATI's position as
a secure and reliable producer coupled with our strategic growth
initiatives allows us to fully support our aerospace jet engine
customers and provide significant growth for ATI's aerospace titanium
products to the airframe market."

    Allegheny Technologies previously announced capital investments
for titanium sponge and further expansion of its titanium melt and
finishing capabilities for both long products and flat-rolled
products.

    Allegheny Technologies has scheduled a conference call with
investors to discuss third quarter 2006 results and market conditions
on Wednesday October 25, 2006 at 1:00 pm. The conference call will be
conducted after the Company's planned release of third quarter 2006
results. The conference call will be broadcast at
www.alleghenytechnologies.com. To access the broadcast, go to the home
page and select "Conference Call". In addition, the conference call
will be broadcast through CCBN.com.

    This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are
subject to uncertainties and changes in circumstances. Actual results
may differ materially from those expressed or implied in the
forward-looking statements. Additional information concerning factors
that could cause actual results to differ materially from those
projected in the forward-looking statements is contained in Allegheny
Technologies' filings with the Securities and Exchange Commission. We
assume no duty to update our forward-looking statements.

    Building the World's Best Specialty Metals Company(TM)

    Allegheny Technologies Incorporated is one of the largest and most
diversified specialty metals producers in the world with revenues of
$4.0 billion during the most recent four quarters ending June 30,
2006. ATI has approximately 9,300 full-time employees world-wide who
use innovative technologies to offer growing global markets a wide
range of specialty metals solutions. Our major markets are aerospace
and defense, chemical process industry/oil and gas, electrical energy,
medical, automotive, food equipment and appliance, machine and cutting
tools, and construction and mining. Our products include titanium and
titanium alloys, nickel-based alloys and superalloys, stainless and
specialty steels, zirconium, hafnium, and niobium, tungsten materials,
grain-oriented silicon electrical steel and tool steels, and forgings
and castings. The Allegheny Technologies website is
www.alleghenytechnologies.com.

    CONTACT: Allegheny Technologies Incorporated
             Dan L. Greenfield
             412-394-3004