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RTI Signs Long-Term Engine Supply Agreement

Dépèche transmise le 21 juin 2011 par Business Wire

RTI Signs Long-Term Engine Supply Agreement

PARIS--(BUSINESS WIRE)--RTI International Metals, Inc., (NYSE: RTI) is pleased to announce the signing of a long-term agreement with MTU Aero Engines in Munich, Germany. The agreement calls for RTI to supply rotor-quality titanium billet products through 2022. RTI’s material will be used exclusively in MTU compressor applications supplied to a wide variety of engine programs. These encompass the full range of aircraft types including business and regional jets and, most recently, for the Airbus New Engine Option (NEO) applications.

Forward Looking Statement

The statements in this release relating to matters that are not historical facts are forward-looking statements that may involve risks and uncertainties. These include, but are not limited to, the impact of global events on the commercial aerospace industry, actual build-rates, production schedules and titanium content per aircraft for commercial and military aerospace programs, military spending generally and in particular, demand from the Joint Strike Fighter program, the impact from Boeing 787 production delays, global economic conditions, the competitive nature of the markets for specialty metals, the ability of the Company to obtain an adequate supply of raw materials, the successful completion of the Company’s capital expansion projects, and other risks and uncertainties included in the Company’s filings with the Securities and Exchange Commission. Actual results can differ materially from those forecasted or expected. The information contained in this release is qualified by and should be read in conjunction with the statements and notes filed with the Securities and Exchange Commission on Forms 10-K and 10-Q, as may be amended from time to time.

Company Descriptions

MTU Aero Engines is Germany's leading engine manufacturer and an established global player in the industry. It engages in the development, manufacture, marketing and support of commercial and military aircraft engines in all thrust and power categories and industrial gas turbines. The German manufacturer employs approximately 7,900 people overall and with its various affiliates has a presence in all significant regions and markets worldwide.

RTI International Metals^®, headquartered in Pittsburgh, Pennsylvania, is celebrating 60 years of providing titanium and other specialty metals to our customers around the world. RTI manufactures and distributes extruded shapes, formed parts and engineered systems for commercial aerospace, defense, energy, industrial, chemical, and consumer applications. Our Titanium, Distribution, and Fabrication Groups have locations in the United States, Canada, Europe, and Asia to better serve our global customers. We look forward to serving new and existing customers during the next 60 years and beyond!