Hi Neil,
That's great! We relly needed one on RMI because I went to the messages on Yahoo that
you told me about and I also looked at the TIMET thread and I can see that the company is
really generating alot of interest.
I'll add any thought of importance I can think of later of course about NKK and National Steel (but I think it's great that they are working together because RMI and other titanium mill product manufacturers are being swamped with orders and after the decline in the industry in the early 90"s they need to ramp up production and these kinds of expansion agreements were inevitable.)
Right now I'm looking at the contract that was
signed for $50 biliion (with a capital B)marks for the Eurofighter and how RMI may benifit
from this deal.
The Eurojet GmbH consortium made up of Rolls Royce plc, Dasa, Italy's FiatAvio and
Spain's Industria de Turbo Propulsores (ITP).
The contract includes 1,382 jet engines worth $12.5 billion marks.
There is also expected to be a further $20 billion added to the total contract in the
coming months making this the largest defence contract every signed in history.
How are you or anyone in the thread at math. My webamster is off today and I usually
through these figures at him. Right now, the
DMark is 1.892 to every 1 U.S.dollar.
The engine orders signed from the origional $50 billion marks come to $12.5 billion
marks and the majarity of these engine components will be supplied and assembled by
Rolls Royce who we all know gets many of their titanium mill products from RMI.
Also, these are not stealth aircraft. Fighters of this type are known as "high content"
titanium products which use titanium in structural parts throughout the aircraft (like the F-
15).
As we know, even without this development, the titanium mill product manufacturers
have growing backlogs on strong demand for aerospace products along with other
segments of the market which the metal and it's alloy's have penetrated over the recent
history of the industy.
I estimate that right now there is a current backlog of world-wide aerospace products of
over $250 billion U.S. dollars "without this order." This is a conservative figure also
because Boeing alone has a total backlog of $121 billion and Airbus has a backlog of $80
billion (the engines from GE, Rolls Royce, CFM etc for Boeing and Airbus are already
included in the backlog figure).
Anyway, there's alot more going on than the network news agencies are aware of and
even many(if not all)of their "anylist".
Best regards,
Harry
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