RTI International announces long-term supply contracts with Bombardier Aerospace and Bell Helicopter

RTI International Metals, Inc., (NYSE: RTI), a leading supplier of high-end titanium products and solutions, announced today that it has signed two long-term contracts to supply a wide range of structural and flight control component parts and complex electro-mechanical assemblies to Bombardier Aerospace and Bell Helicopter.

RTI expects these two contracts to collectively generate more than $85 million in revenues over the next five years. RTI will manufacture Bombardier aircraft parts such as seat tracks, center console pedestals, wing hinge boxes, wing ribs and vane actuators. Bombardier has contracted RTI to provide these precision-machined components on six models for the entire duration of the programs. Similarly, RTI will produce flight parts for Bell Helicopter Textron Canada's program including pilot control sticks and floor and roof beams. Bell has signed a minimum five-year agreement with RTI, which may be extended, for work on nine models. RTI's Claro facility, located near Montreal, Canada, will manufacture the components for both contracts.

"We are delighted to be working with two aerospace leaders, Bombardier and Bell. Today's announcement represents the continued success of RTI's strategy to become a fully-integrated supplier of specialty metals for customers. It also further demonstrates RTI's unique capabilities and service offerings in machining hard metals for the aerospace industry," said Dawne S. Hickton, Vice-Chairman and Chief Executive Officer of RTI. "As we previously indicated, RTI has been aggressive in identifying new business opportunities for higher value-added products and services to fill the available capacity in the Fabrication Group as a result of the Boeing 787 production schedule delay."