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RTI announces two long-term titanium fabrication awards with Airbus and modifies long-term supply agreements

RTI International Metals, Inc., announced today that it has modified its long-term agreement with Airbus to allow more flexibility in the near-term with Airbus' ordering of titanium mill products. As part of the modification, Airbus has ordered more titanium mill product volume for 2010 than was anticipated at the start of the year. General terms and conditions remain in line with the original agreements.

In addition, under two contract awards commencing in 2011, RTI will fabricate critical structural titanium components for the A350 and A320 aircrafts, including the manufacture of seat tracks for the A350 and flap tracks for the A320 for ten and five years, respectively.

Dawne S. Hickton, Vice Chairman, President, and CEO commented, "I am very pleased that RTI and Airbus could craft a mutually beneficial solution that matches Airbus' near-term demand forecast for titanium mill products while driving more fabrication business through RTI's operations beginning in 2011. This solution further strengthens a long-standing, valuable relationship and enhances RTI's role as a key strategic supplier to Airbus of not only titanium mill products but also fabricated titanium parts. This demonstration of RTI's fabrication and machining expertise also enhances our ability to win additional work packages on the next generation of commercial and defense aircraft."

Ms. Hickton concluded, "As a result of Airbus' additional order for 2010 and other new business, we now have visibility to approximately 9.0 million pounds of titanium mill product for this year."

Eric Zanin, Head of Material Procurement for EADS/Airbus, confirmed, "This deal strengthens the ongoing relationship between Airbus and RTI."

Press release issued by Alcoa Corporation on July 20, 2010

 

 Contact details from our directory:
Alcoa Corporation Fabricating Services, Metal & Alloy Fabrications, Titanium, Metal & Alloy Suppliers, Metal & Alloy Extrusions, Seating Tracks
Airbus S.A.S. Airframer

 

 Related aircraft programs:
Airbus A350 XWB
Airbus A320

 

 Related directory sectors:
Structural Components
Metals

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