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RTI exec frustrated with slow Boeing ramp-up
February 09, 2012 - 22:35 GMT
Location:
Los Angeles
KEYWORDS:
RTI Titanium
,
Boeing 787
,
Dreamliner
,
Dawne Hickton
RTI International Metals Inc. is showing increasing frustration with its role on Boeing Co.’s 787 Dreamliner as the slow ramp-up of the new aircraft has prevented RTI from turning a profit on the program.
RTI needs to look at its 787 work from a "strategic standpoint," Hickton said, but she declined to specify just how it is considering approaching the issue.
Continued low deliveries for the 787, for which RTI has delivered 100 shipsets, were given as one of the reasons why the operating deficit for the company’s Fabrication Group grew to $3.2 million in the fourth quarter of 2011 from a $1.5-million loss in the same period a year earlier. The other reason was costs associated with the group’s...
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