May 9, 2006: Ryan Applauds RTI Deal with Airbus: "An Important Win for the Mahoning Valley"
(WASHINGTON, D.C.) Congressman Tim Ryan (D-Niles) applauded today's announcement by Niles-based RTI International Metals that the company had signed a deal with Airbus worth at least $800 million over 10 years. RTI will supply titanium products to produce the Airbus family of commercial aircraft, including the new A-380 and A-350 programs.
As a result of the contract, RTI said it will begin a $35 million facilities expansion program, including new and upgraded melting and forging capacity. RTI also said that the contract will lead to new jobs in Niles and an expansion of the Niles facility.
"This is an important win for the Mahoning Valley," said Congressman Ryan. "RTI's agreement with Airbus will lead to new jobs and new investment for our area. We should all be very proud of the success of this company and its workers."
Throughout his tenure in Congress, Ryan has been a constant champion of manufacturing and trade policies that help domestic manufacturers like RTI remain strong and competitive in the global marketplace. Those efforts include fighting to ensure the U.S. Defense Department abides by the Berry Amendment, which requires that military equipment be constructed with American-made titanium.
"Representative Tim Ryan has worked hard to create the conditions that made this contract possible," added Tim Rupert, CEO of RTI. "We at RTI appreciate his support."