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Article: Pittsburgh Post-Gazette business briefs column.
- Article from:
- Pittsburgh Post-Gazette (Pittsburgh, PA)
- Article date:
- May 10, 2006
CopyrightCOPYRIGHT 2006 Pittsburgh Post-Gazette. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 10--RTI LANDS AIRBUS CONTRACT: Shares in RTI International Metals jumped $8.82, or 14 percent, yesterday to a new 52-week high of $70.42, and were up an additional $2 in after-hours trading, after the Niles, Ohio, titanium metals producer announced a 10-year contract to supply titanium products to Airbus. The contract is expected to generate more than $800 million in revenue over the life of the agreement and will lead RTI to invest $35 million to expand production capacity, with a possible assist from the European aircraft company. RTI's sales jumped 40 percent last year, to $346.9 million, amid soaring demand for titanium and other specialty metals.
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