RMI Named Sole Titanium Supplier for Lockheed Martin/Boeing F-22

Business Wire, June 9, 1998

NILES, Ohio--(BUSINESS WIRE)--June 9, 1998--RMI Titanium Company (NYSE:RTI) announced today that it has been designated the sole supplier of titanium mill products for the Air Force F-22 fighter being built by Lockheed Martin and Boeing. The new contract, which begins this year, will continue through the life of the program with approximately 339 aircraft forecast to be produced by the year 2012. The F-22 Raptor is widely regarded as the most advanced tactical fighter in the world.

RMI estimates a potential contract value of $340,000,000. Among the alloys supplied will be an RMI-developed high-strength alloy designated 6-22-22.

RMI was selected because of its expertise in flat-rolled products, its ability to provide a full range of aerospace titanium materials, and the manufacturing capability to provide complex alloys such as 6-22-22.

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties including, but not limited to, risks associated with changes in defense spending and the related military budget process. These and other uncertainties and risks are described in the Company's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from the Company.

RMI Titanium Company, headquartered in Niles, Ohio, manufactures titanium mill products, hot-formed and superplastically formed parts, and engineered systems for energy-related markets. The Company's products are used for fabricated components in commercial and military aircraft and engines, energy exploration and refining, chemical processing equipment, pulp and paper production facilities, medical implants and consumer goods.

    CONTACT:  RMI Titanium Company
               Crystal L. Revak, 330/544-7622