EX-10.1



 





	 	 	 	 	 
	
 
	
 
	
    
	
 
	
    EXHIBIT 10.1

	

    












 



    17 September 2007



 



    Airbus/PMD/TI/07-040907



 



    RTI International Metals Inc.




    P.O. Box 269




    1000 Warren Avenue




    Niles, Ohio
    44446-0269,
    U.S.A.



 



    Attn:  Dawne S Hickton — Vice
    Chairman & Chief Executive Officer



 



    Dear Dawne,



 



    Letter of Intent — Additional Volume of Titanium
    Products



 


		
	
    1.  
	
    Introduction:




 



    In confirmation of our recent discussions regarding the supply,
    by RTI International Metals Inc to Airbus, of Titanium products
    (Billets, Bloom and Flat Rolled Products — FRP) this
    Letter of Intent is issued to outline the agreement reached.



 


		
	
    2.  
	
    Commercial
    Conditions:




 



    Beginning in 2010 and continuing through 2020, RTI will supply,
    and EADS will purchase an additional volume up to a potential
    maximum as defined in Attachment one (1) of 35% of the
    combined round Airbus/EADS demand. Post 2015 FRP volumes will be
    continued at the existing levels of that defined in MAT/CON/353.
    The defined minimum round product volumes together with the
    defined product mix for MAT/CON/353 apply, from 2010 an
    additional round product volume option will be available up to
    35% of the combined EADS programme needs. Inclusive of this will
    be a separate volume of Ingots, 1000t of ingot volume will be
    purchased per annum up to and inclusive of 2015. The
    accumulative ingot volume will be utilised from 2016 as
    feed-stock for future volumes within this contract and form part
    of the overall Market Share up to 35%. Ingot volume produced in
    support of this contract will be stored in RTI facilities until
    such times as the material is required, no storage costs will be
    incurred by Airbus.



 



    In the event that RTI International Metals Inc. is unable to
    supply sponge as per their investment planning, RTI guarantees
    to protect the Airbus volume up to maximum listed in Attachment
    1.



 


		
	
    3.  
	
    Pricing:




 



    Pricing shall be in US Dollars ($) and include the costs of
    transportation, to any destination specified by Airbus, in
    accordance with Delivery Duty Unpaid (DDU) IncoTerms 2000,
    unless agreed otherwise between the parties at time of Contract
    amendment. Delivery destinations inclusive of Europe/China and
    the USA.



 


			
	 	    • 
	
    Pricing shall be as set forth in Attachment 1.




 


	 	 	 	 	 
	
    


	
    AIRBUS, AN EADS JOINT COMPANY

    WITH BAE SYSTEMS
	
 
	
    AIRBUS UK LIMITED, REGISTERED IN

    ENGLAND & WALES NO 3468788

    REGISTERED OFFICE

    NEW FILTON HOUSE

    FILTON BRISTON BS99 7AR
	
 
	
    AIRBUS UK

    NEW FILTON HOUSE FILTON BRISTOL

    BS99 TAR UNITED KINGDOM

    PHONE +44(0) 117 969 3831

    FAX +44(0) 117 936 2828 








 


 




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    17 September 2007









 





		
	
    4.  
	
    Contractual
    Conditions:




 



    All future Volumes awarded to RTI International as a result of
    this Letter of Intent, shall be subject to the terms of the EADS
    Frame Contract with reference number MAT/CON/353, which will be
    subsequently amended to take account of this material change.



 


		
	
    5.  
	
    Duration:




 



    Term of the additional volume Agreement will be January 1,
    2010 to December 31, 2020 Existing MAT/CON/353 terms will
    remain unchanged (December 31, 2015). Thereafter agreed
    additional volume will be based upon Market Share and Product
    Mix becomes fully flexible between Billet and Bloom. The product
    volumes within MAT/CON/353 remain unchanged up to 2015.



 


		
	
    6.  
	
    Round
    Product Volume:




 



    Minimum — Per Attachment 1



 



    Maximum — 2010 — 2020 equal to 35% of
    combined Airbus/EAD’s total round titanium consumption plus
    FRP volume of 906 tonnes from 2016 to 2020 — Can be
    increased upon mutual agreement.



 


 




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    Signed for and behalf of RTI International Metals, Inc.



 


	 	 	 	 	 	 	 
	

    Signatures:


	
 
	
    /s/  Dawne
    S. Hickton


    

	
 
	
    /s/  David
    Hall


    

	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
    Names:
	
 
	
    Dawne S. Hickton
	
 
	
    David Hall
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
    Titles:
	
 
	
    Vice Chairman & CEO
	
 
	
    Managing Director
	
 
	
 

	
 
	
 
	
    RTI International Metals, Inc.
	
 
	
    RTI Europe Ltd
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
    Date:
	
 
	
    17 September 2007

    

	
 
	
    17 September 2007

    

	
 
	
 









 



    Signed for and on behalf of EADS Deutschland GmbH and the
    EADS Beneficiary Companies



 


	 	 	 	 	 	 	 
	

    Signatures:


	
 
	
    /s/  Craig
    Smith


    

	
 
	
    /s/  Antoine
    Gaugler


    

	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
    Names:
	
 
	
    Craig Smith
	
 
	
    Antoine Gaugler
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
    Titles:
	
 
	
    Senior Vice President, Procurement
	
 
	
    Titanium Lead Buyer
	
 
	
 

	
 
	
 
	
    Airbus SAS
	
 
	
    EADS Deutschland GmbH
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
    Date:
	
 
	
    17 September 2007

    

	
 
	
    17 September 2007

    

	
 
	
 








 


 




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    17th September
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