Timet, Boeing reach 5-year titanium supply agreement
Nov 16, 2009 | 11:42 AM
| Frank Haflich
A new five-year supply agreement between Boeing Co. and Titanium Metals Corp. (Timet) has been signed at a point in the market cycle when leverage appears to have swung back to the buyer's side.
Dallas-based Timet said this week it has entered into a new long-term agreement (LTA) to supply Boeing with titanium that runs from Jan. 1, 2011, to Dec. 31, 2015. No specific details or terms of the agreement were disclosed, and a Timet executive in Dallas couldn't be reached for comment.
Timet did say the two companies have amended the terms of their existing agreement that expires at the end of next year. The new LTA provides for mutual annual purchase and supply commitments, the extension of the global titanium scrap recycling program and the utilization of Timet's global service center network, according to Timet.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here