Philip Morris International Announces Contract Manufacturing Collaboration with Altria
Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announced that it has entered, through its non-U.S. affiliates, into a contract manufacturing arrangement for combustible cigarettes with Philip Morris USA, an operating company of Altria (NYSE:MO).
The collaboration is expected to leverage the respective combustible cigarette manufacturing capabilities and expertise of both organizations while we continue to focus on delivering a smoke-free future. The first shipments as part of the arrangement are expected to begin early in 2027, subject to operational readiness and applicable regulatory requirements. We do not expect a material impact from this arrangement on our 2026 financials.
PMI has not commercialized combustible cigarettes in the United States and has no plans to do so; this arrangement will not change that. PMI and Altria will continue to operate independently and maintain responsibility for their own commercialization, distribution and regulatory activities.
