TIMET and Boeing Extend Long-Term Supply Agreement

Titanium Metals Corporation TIE announced today that it has amended the terms of its long-term titanium supply agreement with The Boeing Company BA and extended the agreement through December 31, 2018. The supply agreement, together with joint technology development agreements, will continue to provide for, among other things, mutual annual purchase and supply commitments, the extension of the global titanium scrap recycling program and the utilization of the TIMET Global Service Center Network, and cooperative efforts on development of new titanium alloy and process capabilities.