Neil,James,
Here we go!
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techstocks.com
Number 1
Monday February 2, 4:10 pm Eastern Time
Company Press Release
RMI Titanium Announces New Supply Contracts
NILES, Ohio--(BUSINESS WIRE)--Feb. 2, 1998--RMI Titanium Company (NYSE:RTI - news)
announced today that it has secured a series of long term supply agreements for its aerospace
products extending beyond the year 2000.
RMI has entered into an agreement with Boeing Commercial Airplane Group whereby RMI will
supply Boeing and its family of commercial suppliers with up to 4.5 million pounds of titanium
products annually. The agreement, beginning in 1999, will have an initial term of five years and,
subject to review by the parties in the fourth year, could be extended for an additional five
years. Under the accord, Boeing will receive firm prices in exchange for RMI receiving a
minimum volume commitment of 3.25 million pounds per year, or approximately 50% of current
levels.
RMI has also been selected by military aircraft producers Boeing and Northrop as the principal
supplier of titanium alloy plate and alloy sheet, including just-in-time, cut-to-size products, for
the C-17 Transport, F-15 Eagle and the F/A18 Hornet programs. The Hornet program includes
the new E/F version which utilizes considerably more titanium than earlier C/D models. The
agreement will begin with May 1999 requirements and runs through April 2001.
In another accord, RMI, through its French subsidiary, Reamet, has been chosen by Aerospatiale
as major supplier of the titanium flat rolled products required for its Airbus programs beginning
in 1999 and extending through 2001. Requirements are principally for flat-rolled products,
including value added cut-to-size shapes.
Most of RMI's expected shipments for 1998 are already included in its order backlog. The
agreements announced today, along with similar contracts under discussion, are expected to
provide RMI with a stable base of aerospace business in 1999 and beyond at favorable prices
that will reduce the effects of aerospace cyclicality while RMI continues its development of
new applications for titanium in oil and gas, lightweight armor and other emerging markets.
This release contains forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties including, but not limited to, cyclicality of
commercial aerospace, uncertain defense spending and global economic conditions. These and
other uncertainties and risks are described in the Company's filings with the Securities and
Exchange Commission, copies of which are available from the SEC or may be obtained upon
request from the Company.
RMI Titanium Company, headquartered in Niles, Ohio, manufactures titanium mill products,
hot-formed and superplastically formed parts, and engineered systems for energy-related
markets. The Company's products are used for fabricated components in commercial and
military aircraft and engines, energy exploration and refining, chemical processing equipment,
pulp and paper production facilities, medical implants and consumer goods.
Contact:
RMI Titanium Company
Crystal L. Revak, 330/544-7622
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Number 2
Monday February 2, 4:15 pm Eastern Time
Company Press Release
RMI Titanium Company Conference Call
NILES, Ohio--(BUSINESS WIRE)--Feb. 2, 1998--RMI Titanium Company (NYSE:RTI - news)
will host a conference call to discuss its press release today on Tuesday, February 3, 1998, at
1:00 p.m. EST.
John H. Odle, Executive Vice President, and Timothy G. Rupert, Executive Vice President and
Chief Financial Officer, will represent RMI.
To participate in the call, please dial (800) 230-1059 a few minutes prior to the start time,
identify yourself and indicate that you are participating in the RMI Titanium Conference Call.
Contact:
RMI Titanium Company
Crystal L. Revak, Director, 330/544-7622
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Number 3
Monday February 2, 4:34 pm Eastern Time
RMI Titanium wins five-yr Boeing unit deal
NILES, Ohio, Feb 2 (Reuters) - RMI Titanium Co Monday said it secured a series of long-term
supply agreements for its aerospace products extending beyond the year 2000.
RMI has entered into an agreement with Boeing Commercial Airplane Group whereby RMI will
supply Boeing and its family of commercial suppliers with up to 4.5 million pounds of titanium
products annually. The agreement, beginning in 1999, will have an initial term of five years and,
subject to review by the parties in the fourth year, could be extended for an additional five
years. Under the accord, Boeing will receive firm prices in exchange for RMI receiving a
minimum volume commitment of 3.25 million pounds per year, or about 50 percent of current
levels.
RMI has also been selected by military aircraft producers Boeing and Northrop as the principal
supplier of titanium alloy plate and alloy sheet, including just-in-time, cut-to-size products, for
the C-17 Transport, F-15 Eagle and the F/A18 Hornet programs. The Hornet program includes
the new E/F version which utilizes considerably more titanium than earlier C/D models. The
agreement will begin with May 1999 requirements and runs through April 2001.
More Quotes and News:
RMI Titanium Co (NYSE:RTI - news)
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Time to buy buy buy!
Harry |
