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EXHIBIT 10.1




|            |  |              
|----------- |  | -------------
|(EADS LOGO) |  | (AIRBUS LOGO)







Procurement
    Frame Contract
    Ref.: Airbus/MAT/CON/353
    between
    EADS Deutschland GmbH
    Postfach
    81663 Munich/Germany
    - hereafter called Purchaser -
    and
    RTI International Metals Inc.
    P.O. Box 269
    1000 Warren Avenue
    Niles, Ohio
    44446-0269,
    U.S.A.
    - hereafter called Supplier -




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Between




EADS Deutschland GmbH


Postfach 80 11 60


81663 Munich / Germany












his/her




Purchaser




And




RTI International Metals Inc.


P.O. Box 269


1000 Warren Avenue


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












Supplier


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CONTENTS
  PREAMBLEArticle 1.

TERMINOLOGY


5Article 2.

OBJECT, EXPRESSION OF NEEDS, SCOPE
    OF CONTRACT, CAPACITY


6Article 3.

EFFECTIVE DATE, DURATION,
    EXTENSION OF DURATION


8Article 4.

APPLICABLE DOCUMENTS


8Article 5.

FINANCIAL PROVISIONS


9Article 6.

QUALITY


10Article 7.

LOGISTICS


13Article 8.

HAZARDOUS MATERIALS AND GOODS


16Article 9.

DELAY IN DELIVERY


17Article 10.

WARRANTIES


17Article 11.

OFFSET, SALE PROMOTIONS


17Article 12.

NOTIFICATION


18Article 13.

CIVIL LIABILITY, INSURANCE


19Article 14.

ACCESS TO SUPPLIERS
    PREMISES, AUDITS, INFORMATION


21Article 15.

PUBLICITY


21Article 16.

INTELLECTUAL PROPERTY


22Article 17.

CONTRACT AMENDMENT


23Article 18.

ASSIGNMENT


23Article 19.

TERMINATION


23Article 20.

MODIFICATION OF THE
    SUPPLIERS LEGAL SITUATION


25Article 21.

FORCE MAJEURE


25Article 22.

PRECEDENCE


25Article 23.

SEVERABILITY


26Article 24.

ARTICLES AND
    PARAGRAPH HEADINGS


26Article 25.

ENTIRE AGREEMENT


26Article 26.

NON WAIVER


26Article 27.

FINANCIAL INFORMATION


26Article 28.

APPLICABLE LAW AND SETTLEMENT OF
    DISPUTES


26   RECORD OF
    CONTRACT AMENDMENTS
  Amendments

Article(s) Modified

Purpose of Modification  3




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PREAMBLE
























| |   |                                                                                                                                                                                                                                                      
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | complying in the long term with the technical, commercial,
    industrial, safety, quality and support requirements such as
    specified by the Purchaser and those derived from the practices
    of the aeronautics industry;                     
|
| |  | maintaining and constantly improving the competitiveness of its
    products and associated services, particularly in terms of
    quality and of cost and manufacturing / delivery cycle reduction
    of the said products and associated services;
|
| |  | operating in an international co-operation framework;                                                                                                                                                                                                
|
| |  | assuming part of the risks and constraints inherent in EADS
    programmes                                                                                                                                                                           























| |   |                                                                                                                                                                                                                                                                    
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | by signing the Contract: the Supplier accepts to manufacture,
    deliver and sell the Products in compliance with the terms and
    conditions of the Contract;                                                                                                   
|
| |  | the Supplier commits to supply all EADS Beneficiary Companies
    without preference to one or the other at the best world market
    levels offered by the Supplier for similar products with similar
    technical requirements and at similar levels of service;
|
| |  | the Purchaser commits to support the Sponge requirements by
    providing for, and committing, sources of titanium Sponge
    sufficient to produce the mill products requirements of this
    Contract.                                                           

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|           |            
|---------- | -----------
|Article 1: | TERMINOLOGY







Aerospace Related Products:
















Aviation Authorities:




Beneficiary Companies:




Business Day:




Calendar Day:




Contract:




Counter-Acceptance: and/or and/or




Customer:




Defect:




Delivery Date:




EDI:




Web-EDI:




List of Applicable Documents List:




NCD:




Non Conformity:


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Plant:




Procurement Order:




Product:




Purchaser:




Purchaser Enabled Supplier:




Sponge:




Technical Requirement
    Specifications:




|           |                                                             
|---------- | ------------------------------------------------------------
|Article 2: | OBJECT,
    EXPRESSION OF NEEDS, SCOPE OF CONTRACT, CAPACITY



|    |       
|--- | ------
|2.1 | Object



































|    |                      
|--- | ---------------------
|2.2 | Scope of
    Contract









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|    |         
|--- | --------
|2.3 | Capacity







|    |                                  
|--- | ---------------------------------
|2.4 | Purchasers
    Enabled Suppliers



















case-by-case


















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|           |                                                    
|---------- | ---------------------------------------------------
|Article 3: | EFFECTIVE
    DATE, DURATION, EXTENSION OF DURATION



|    |                                
|--- | -------------------------------
|3.1 | Effective
    Date and Duration











|    |                          
|--- | -------------------------
|3.2 | Extension
    of Duration















|           |                         
|---------- | ------------------------
|Article 4: | APPLICABLE
    DOCUMENTS



|    |                                                                        
|--- | -----------------------------------------------------------------------
|4.1 | List of
    Applicable Documents and Management of Document
    Changes









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|    |                                                 
|--- | ------------------------------------------------
|4.2 | Persons
    Responsible for Applicable Documents



his/her
















his/her




Article 5:  FINANCIAL
    PROVISIONS




|    |      
|--- | -----
|5.1 | Price













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case-by-case












|    |         
|--- | --------
|5.2 | Currency







|    |                    
|--- | -------------------
|5.3 | Cost
    Reductions







|    |          
|--- | ---------
|5.4 | Invoicing







































|    |                  
|--- | -----------------
|5.5 | Payment
    Terms











Article 6:  QUALITY






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|    |                                             
|--- | --------------------------------------------
|6.1 | Surveillance
    by the Aviation Authorities



















|    |                                                                    
|--- | -------------------------------------------------------------------
|6.2 | Conditions
    Associated with the Observance of Quality Provisions



6.2.1 Qualification
    of Supplier/Product Pair
































6.2.2 Assessments
    and Approvals
















6.2.3 Improvement
    of the Means of Production and Organisation




and/or










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6.2.4 Suppliers
    Responsibility




and/or and/or




|    |                                       
|--- | --------------------------------------
|6.3 | Inspection,
    Acceptance, Conformity







and/or
















th








|    |                                              
|--- | ---------------------------------------------
|6.4 | Quality
    PerformanceNon Conformity/Defect



6.4.1 Indicators








6.4.2 NCD
    Detected During Counter-Acceptance or During Installation on
    Aerospace Related Product








6.4.3 Serious,
    Repetitive NCDs or high NCD ratio






















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6.4.3 Information
    and Communication in Case of NCDs












and/or




|    |                                               
|--- | ----------------------------------------------
|6.5 | Keeping
    Documents Specific to the Supplier







|    |                                                                              
|--- | -----------------------------------------------------------------------------
|6.6 | Failure
    of the Quality or Logistic SystemsSerious or Repetitive
    NCDs











Article 7:  LOGISTICS




















|    |                           
|--- | --------------------------
|7.1 | Performance
    Conditions



7.1.1 Leadtimes








7.1.2 The
    Purchaser Shall:




e-mail






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7.1.2 The
    Supplier Shall:
































|    |                          
|--- | -------------------------
|7.2 | Interchange
    Agreement







|    |                        
|--- | -----------------------
|7.3 | Procurement
    Methods



















RTI/EADS




7.3.1 Procurement
    Orders in Form of Purchase Orders






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7.3.2 Procurement
    Orders by EDI








7.3.2.1 Procurement
    Plans
















7.3.2.2 Delivery
    Calls








7.3.2.3
    Maximum Period of Time Between Two Procurement Plans
    (PP)








|    |                                     
|--- | ------------------------------------
|7.4 | Acceptance
    of Procurement Orders











|    |                              
|--- | -----------------------------
|7.5 | Agreed
    Procurement Method







|    |                                                  
|--- | -------------------------------------------------
|7.6 | Clauses Common
    to the Two Procurement Methods



7.6.1 Delivery






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7.6.2 Product
    Delivery Leadtimes




.




















7.6.3 Documents
    Accompanying Products Deliveries




and/or and/or
















7.6.4 Packing
    and Packaging








7.6.5 Risk
    Transfer, Title Transfer, Retention of Property
    Title












Article 8:  HAZARDOUS
    MATERIALS AND GOODS








(arrêté)










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Article 9:  DELAY
    IN DELIVERY
















Article 10:  WARRANTIES
























Article 11:  OFFSET,
    SALES PROMOTION


















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and/or












and/or








Article 12:  NOTIFICATION




and/or








|                                 |  |                                                                         
|-------------------------------- |  | ------------------------------------------------------------------------
|Purchaser                        |  | Supplier                                                                
|Antoine GAUGLER                  |  | David Hall                                                              
|EADS Lead Buyer                  |  | Managing Director                                                       
|                                 |  | Airbus SAS RTI Europe Limited                                           
|31060 Toulouse Cedex,
    France |  | Riverside Estate, Fazeley,
    Tamworth, Staffordshire  B78 3RW, ENGLAND
|(+33-
    561-93-57-21           |  | +44-1827-262266                                                         
|Copy to:                         |  | Dawne S. Hickton,                                                       
|                                 |  | General Counsel,                                                        
|                                 |  | RTI International Metals, Inc.                                          
|                                 |  | 1000 Warren Avenue, Niles,
    Ohio                                     
|                                 |  | 44446, USA                                                              
|                                 |  | +1-330-544-7818                                                         
|                                 |  | Fax: 1 330-544-7701                                                     











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and/or








Article 13:  CIVIL
    LIABILITY, INSURANCE




|     |                    
|---- | -------------------
|13.1 | Civil
    Liability







13.1.1 For Indemnification of Damage to the Personnel of
    Either Party:




13.1.2 For Indemnification of Damage Caused by Either Party
    to the Personnel of a Third Party:




13.1.3 For Indemnification of Damage Caused by a Party to the
    Real Property and Movable Goods Property of the Other Party or a
    Third Party:




















|     |          
|---- | ---------
|13.2 | Insurance



13.2.1 Insurance
    Policies to be Subscribed






























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13.2.2 Damage
    to Goods and Aircraft Entrusted by the Purchaser
























13.2.3 Damage
    to Goods Entrusted by the Supplier








13.2.4 General
    and Professional Civil Liability for Work Performed on the
    Purchasers Premises




















13.2.5 Product
    Civil Liability After Delivery






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and/or and/or








Article 14:  ACCESS
    TO SUPPLIERS PREMISES, AUDITS, INFORMATION
























and/or




















Article 15:  PUBLICITY




and/or














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Article 16:  INTELLECTUAL
    PROPERTY




|     |                
|---- | ---------------
|16.1 | Confidentiality



and/or




and/or
































|     |             
|---- | ------------
|16.2 | Infringement











and/or








(garantie
    déviction)


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Article 17:  CONTRACT
    AMENDMENT




and/or




Article 18:  ASSIGNMENT




intuitu personae and/or




Article 19:  TERMINATION




|     |                                  
|---- | ---------------------------------
|19.1 | Termination
    for Force Majeure



and/or




|     |                                       
|---- | --------------------------------------
|19.2 | Termination
    for Suppliers Default



and/or and/or








(juge-commissaire) and/or








and/or




and/or




|     |                                        
|---- | ---------------------------------------
|19.3 | Termination
    for Purchasers Default



and/or and/or


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(juge-commissaire), and/or








and/or




and/or




|     |                        
|---- | -----------------------
|19.4 | Termination
    Account











(i) At Suppliers Debit:




| |   |                                                                                                                                                                                                                                                                                                                                         
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | the amounts already paid to the Supplier by the Purchaser for
    the Products delivered before the effective termination date,                                                                                                                                                                                                         
|
| |  | the amount of the penalties due and not paid by the
    Supplier, and                                                                                                                                                                                                                                                                   
|
| |  | if the termination is due to Suppliers default:                                                                                                                                                                                                                                                                                        
|
| |  | the amount of the expenses incurred by the Purchaser to remedy
    the Suppliers default, including but not limited to
    expenses relating to the transfer of manufacturing to the
    Purchasers plants or to the plants of another supplier,
    change of site, transfer, installation and adaptation of tools
    if applicable.
|
| |  | damages for all prejudices caused directly or indirectly to the
    Purchaser as a result of the termination.                                                                                                                                                                                                                           



(ii) At Suppliers Credit:




| |   |                                                                                                                                                                                                                                                                                                   
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | the contractual value of the Products manufactured and not
    delivered, after performance of the acceptance inspections
    within the limits of the production plan derived from the
    contractual delivery lead times and cycles;                                                           
|
| |  | in the event of purchase by the Purchaser, the value of the
    Products in progress calculated according to the progress status
    on the basis of the contractual price, within the limits of the
    above-mentioned production plan, subject to compliance with the
    Quality requirements;
|
| |  | the price of the procurements kept by the Supplier if any, for
    the purpose of performing the Procurement Orders terminated, if
    the Supplier cannot use them subsequently to meet third party
    needs.                                                                                   

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Article 20:  MODIFICATION
    OF SUPPLIERS LEGAL SITUATION
















Article 21:  FORCE
    MAJEURE








and/or




and/or
























Article 22:  PRECEDENCE


















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Article 23:  SEVERABILITY












Article 24:  ARTICLES AND
    PARAGRAPH HEADINGS








Article 25:  ENTIRE
    AGREEMENT








Article 26:  NON-WAIVER




and/or




Article 27:  FINANCIAL
    INFORMATION








Article 28:  APPLICABLE
    LAW AND SETTLEMENT OF DISPUTES




28.1 Applicable
    Law








28.2 Settlement
    of Disputes




and/or


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28.3 Compliance
    with Laws




28.3.1 Export
    Control






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IN WITNESS WHEREOF




RTI International Metals
    Incorporated




|            |  |                              |  |                  
|----------- |  | ---------------------------- |  | -----------------
|Signatures: |  |                              |  |                  
|Names:      |  | Timothy G. Rupert            |  | David Hall       
|Titles:     |  | President and CEO            |  | Managing Director
|            |  | RTI International Metals Inc |  | RTI Europe Ltd   
|            |  |                              |  |                  
|Date:       |  |                              |  |                  





EADS Deutschland GmbH




|            |  |                        |  |                                
|----------- |  | ---------------------- |  | -------------------------------
|Signatures: |  |                        |  |                                
|Names:      |  | Craig Smith            |  | Antoine Gaugler                
|Titles:     |  | Senior Vice President, |  | Procurement Titanium Lead Buyer
|            |  | Airbus SAS             |  | EADS Deutschland GmbH          
|            |  |                        |  |                                
|Date:       |  |                        |  |                                



28