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These excerpts taken from the RTI 10-K filed Feb 18, 2009. Defense
Defense markets represented approximately 34% of the
Company’s revenues in 2008 compared to 33% in 2007 and 32%
in 2006. Military aircraft make extensive use of titanium and
other specialty metals in their airframe structures and jet
engines. These aircraft include U.S. fighters such as the
F/A-22,
F/A-18,
F-15, and the F-35 Joint Strike Fighter (“JSF”); and
European fighters, such as, the Mirage, Rafale, and
Eurofighter-Typhoon. Military troop transports such as the C-17
and A400m also use significant quantities of these metals.
The JSF is set to become the fighter for the 21st Century
with expected production exceeding 2,600 aircraft over the life
of the program. In 2007, the Company was awarded a long-term
contract extension from Lockheed Martin to support full-rate
production of the JSF through 2020. Under the contract, the
Company will supply the first eight million pounds of titanium
mill products annually as the program fully ramps up, which is
expected in 2014. The products the Company will supply include
sheet, plate, and billet.
In addition to aerospace defense requirements, there are
numerous titanium applications on ground vehicles and artillery
driven by its armoring (greater strength) and mobility (lighter
weight) enhancements. An example of these qualities is the
titanium Howitzer program which began full-rate production in
2005. The Company is the principal titanium supplier for the
Howitzer under a contract to BAE Systems through the third
quarter of 2010.
Defense Defense markets represented approximately 34% of the Company’s revenues in 2008 compared to 33% in 2007 and 32% in 2006. Military aircraft make extensive use of titanium and other specialty metals in their airframe structures and jet engines. These aircraft include U.S. fighters such as the F/A-22, F/A-18, F-15, and the F-35 Joint Strike Fighter (“JSF”); and European fighters, such as, the Mirage, Rafale, and Eurofighter-Typhoon. Military troop transports such as the C-17 and A400m also use significant quantities of these metals. The JSF is set to become the fighter for the 21st Century with expected production exceeding 2,600 aircraft over the life of the program. In 2007, the Company was awarded a long-term contract extension from Lockheed Martin to support full-rate production of the JSF through 2020. Under the contract, the Company will supply the first eight million pounds of titanium mill products annually as the program fully ramps up, which is expected in 2014. The products the Company will supply include sheet, plate, and billet. In addition to aerospace defense requirements, there are numerous titanium applications on ground vehicles and artillery driven by its armoring (greater strength) and mobility (lighter weight) enhancements. An example of these qualities is the titanium Howitzer program which began full-rate production in 2005. The Company is the principal titanium supplier for the Howitzer under a contract to BAE Systems through the third quarter of 2010. These excerpts taken from the RTI 10-K filed Feb 28, 2008. Defense
Defense markets represented approximately 33% of RTI’s
revenues in 2007. Military aircraft make extensive use of
titanium and specialty metals in their airframe structures and
jet engines. These aircraft include U.S. fighters such as
the F/A-22,
F/A-18,
F-15, and the F-35 Joint Strike Fighter (“JSF”); and
in Europe, the Mirage, Rafale, and Eurofighter-Typhoon. Military
troop transports such as the C-17 and A400m also use significant
quantities of these metals.
The JSF is set to become the fighter for the 21st Century with
expected production exceeding 2,600 aircraft over the life of
the program. In 2007, RTI was awarded a long-term contract
extension from Lockheed Martin to support full-rate production
of the JSF through 2020. Under the contract, RTI will supply the
first eight million pounds of titanium mill products annually,
beginning in 2008. The products RTI will supply include sheet,
plate, and billet.
In addition to aerospace defense requirements, there are
numerous titanium applications on ground vehicles and artillery
driven by its armoring (greater strength) and mobility (lighter
weight) enhancements. An example of these qualities is the
titanium Howitzer program which began full-rate production in
2005 for 495 units. RTI is the principal titanium supplier
for the Howitzer under a contract to BAE Systems through the
first quarter of 2009.
Military demand is expected to remain at high levels in 2008 due
to strong defense budgets and significant hardware purchases by
the U.S. Government and European nations.
Defense Defense markets represented approximately 33% of RTI’s revenues in 2007. Military aircraft make extensive use of titanium and specialty metals in their airframe structures and jet engines. These aircraft include U.S. fighters such as the F/A-22, F/A-18, F-15, and the F-35 Joint Strike Fighter (“JSF”); and in Europe, the Mirage, Rafale, and Eurofighter-Typhoon. Military troop transports such as the C-17 and A400m also use significant quantities of these metals. The JSF is set to become the fighter for the 21st Century with expected production exceeding 2,600 aircraft over the life of the program. In 2007, RTI was awarded a long-term contract extension from Lockheed Martin to support full-rate production of the JSF through 2020. Under the contract, RTI will supply the first eight million pounds of titanium mill products annually, beginning in 2008. The products RTI will supply include sheet, plate, and billet. In addition to aerospace defense requirements, there are numerous titanium applications on ground vehicles and artillery driven by its armoring (greater strength) and mobility (lighter weight) enhancements. An example of these qualities is the titanium Howitzer program which began full-rate production in 2005 for 495 units. RTI is the principal titanium supplier for the Howitzer under a contract to BAE Systems through the first quarter of 2009. Military demand is expected to remain at high levels in 2008 due to strong defense budgets and significant hardware purchases by the U.S. Government and European nations. This excerpt taken from the RTI 10-K filed Feb 28, 2007. Defense
Defense markets represented approximately 32% of RTI’s
revenues in 2006. Military aircraft make extensive use of
titanium and specialty metals in their airframe structures and
jet engines. These aircraft include U.S. fighters such as
the F/A-22,
F/A-18,
F-15, Joint
Strike Fighter (“JSF”), and in Europe, the Mirage,
Rafale, and Eurofighter-Typhoon. Military troop transports such
as the C-17
and A400m also use significant quantities of these metals.
The Joint Strike Fighter is set to become the fighter for the
21st Century with expected production exceeding 2,600
aircraft over the life of the program. In 2002, RTI was awarded
a five-year contract from Lockheed Martin, the prime contractor
for the JSF, to be the supplier of certain titanium products
including sheet and plate for the systems design and development
phase of the program. The first deliveries of the JSF are
expected to begin in 2008.
In addition to aerospace defense requirements, there are
numerous applications now using titanium on ground vehicles for
both its armor protection and its lightweight properties to
enhance mobility. An example of this is the titanium Howitzer
program which began full rate production in 2005 for
495 units. RTI is the principal titanium supplier for the
Howitzer under a contract to BAE Systems over the next four
years.
Military demand is expected to remain at high levels in 2007 due
to strong defense budgets and significant hardware purchases by
the U.S. Government and European nations.
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