RTI finally making a profit on Boeing 787
Jul 31, 2013 | 10:59 AM
| Frank Haflich
LOS ANGELES After years of frustration, RTI International Metals Inc. is finally making a profit in its main role on Boeing Co.s 787 Dreamliner.
Dawne S. Hickton, vice chairwoman, president and chief executive officer of the Pittsburgh-based titanium producer, distributor and fabricator, said RTI is producing titanium seat track shipsets for the 787 at a rate of seven per month. "June was the first-ever profitable month on that program," she said during a second-quarter earnings conference call.
RTI, which expects to ship more than 80 Dreamliner shipsets this year compared with 44 last year, previously said it needed to reach more than six shipsets per month for the program to reach profitability. The seat tracks are fabricated at its RTI Claro subsidiary in Montreal, supported by its Houston extrusion facility.....
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