NEW YORK RTI International Metals Inc. has signed a
new seven-year supply agreement with Bombardier Aerospace, a
unit of Montreal-based Bombardier Inc.
The companys RTI Claro Inc. subsidiary in Montreal will
supply machined parts and components to the Canadian aircraft
builders newest commercial airliner under a contract that
runs through 2019.
RTI didnt reveal the financial details or amounts of
metal involved in the agreement, which was announced at this
weeks Paris Air Show in Le Bourget, France.
RTI said the new contract, which replaced a recently expired
supply agreement, calls for RTI to manufacture components and
assemblies not previously provided by RTI. It includes a role
for RTI on new Bombardier programs such as the its CSeries
airliner as well as the companys Learjet 85, Global 7000
and Global 8000 business aircraft. RTI Claro will continue to
supply Bombardiers CRJ Series regional jets as well as
its Challenger and Global business jets.
RTI said it expects to start delivering additional components
and assemblies as new equipment investments at Claro come
online this year. In addition to titanium, the new agreement
calls for Claro to provide Bombardier with larger
aluminum components, the Pittsburgh-based titanium
producer, distributor and fabricator said.
Dawne Hickton, vice chairwoman, president and chief executive
officer, said the nature of RTIs work under the new
agreement will require it to work with Bombardier as a
more integrated part of their supply chain.
RTI Claro has been a supplier to Bombardier, also based in
Montreal, for 25 years, prior to its 2004 acquisition by RTI,
which marked RTIs first significant move into downstream