FOR IMMEDIATE RELEASE APRIL 26, 2002
Contact:
Richard E. Leone
Manager - Investor Relations
330-544-7622
RTI SECURES EADS/AIRBUS SUPPLY CONTRACT IN EUROPE
Niles, Ohio – RTI International Metals, Inc., (NYSE: RTI) announced today that, through its European subsidiary, RTI Europe Ltd., it has entered into a new contract with Europe’s largest aerospace group, European Aeronautic Defence and Space Company ("EADS"), to supply value-added titanium products and parts through 2004, subject to extension.
The products will be used in military aircraft, including the Eurofighter Typhoon and the highly successful Airbus family of civil aircraft. The contract continues RTI’s long-term involvement in these programs. In addition to mill products, RTI will supply cut, shaped and machined items direct to EADS and Airbus manufacturing plants in France, Germany, Spain and the UK from its value-added processing facilities in Europe.
The increased supply of parts direct to the production lines reflects the success of RTI’s strategy to add value to its products and the supply chain. The contract is expected to make RTI the second largest titanium supplier to Airbus.
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, defense, industrial, and consumer applications.