FOR IMMEDIATE RELEASE APRIL 1, 2002
Contact:
Richard E. Leone
Manager - Investor Relations
330-544-7622
RTI INTERNATIONAL METALS UNIT WINS OFFSHORE CONTRACT
Niles, Ohio – RTI International Metals, Inc., (NYSE: RTI), announced today that its wholly owned subsidiary, RTI Energy Systems ("RTIES"), has been selected to produce production riser equipment in connection with Unocal’s West Seno Project off the coast of Indonesia. RTI will provide the high-fatigue riser engineering design, in addition to the manufacture of components using a combination of titanium and steel. The system will incorporate RTIES proprietary high-fatigue connectors, keel and transition joints, as well as RTIES titanium tapered stress joints. The West Seno Project incorporates a number of unique design requirements and is well suited for RTIES engineered products and capabilities in the application of both steel and titanium within the same riser system. The contract value will be in excess of $12 million.
RTI International Metals, headquartered in Niles, Ohio, through its various subsidiaries, manufactures and distributes titanium and specialty metal mill products and extruded shapes, as well as engineered systems for energy-related markets and environmental engineering services. The Company’s products are used for aerospace, industrial, defense, and consumer applications.