RTI has 787 profit benchmark in sight
Feb 11, 2013 | 04:17 PM
| Frank Haflich
LOS ANGELES RTI International Metals Inc. is approaching its profitability benchmark for the Boeing 787 Dreamliner, although its not yet ready to predict that it will begin making money on the much-delayed aircraft in 2013.
Chicago-based Boeing Co. has told RTI that it should continue to work on the titanium seat tracks it builds for the 787, despite the well-publicized problems the aircraft has had with its lithium-ion batteries, according to Dawne S. Hickton, RTIs vice chairwoman, president and chief executive officer.
"In consultation with our customers at Boeing, including meetings that I attended as recently as last week in Montreal, we have been advised to proceed with our schedule to produce more than 75 shipsets this year, which is an increase of over 30 from 2012," Hickton said during a quarterly conference call with investors.....
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