þ
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
For the quarterly period ended March 31, 2011
|
|
OR
|
o
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
Commission file number 1-14368
|
Titanium Metals Corporation |
|
|
(Exact name of registrant as specified in its charter)
|
Delaware
|
13-5630895
|
|
(State or other jurisdiction of incorporation or organization)
|
(IRS Employer Identification No.)
|
5430 LBJ Freeway, Suite 1700, Dallas, Texas 75240-2697 |
|
|
(Address of principal executive offices) (Zip Code)
|
Registrant’s telephone number, including area code:
|
(972) 233-1700
|
|
EXPLANATORY NOTE
|
10.1**
|
Amendment No. 2 to Purchase and Supply Agreement between Titanium Metals Corporation and certain subsidiaries and Rolls-Royce plc and certain subsidiaries effective February 14, 2011, filed herewith.
|
|
**
|
Portions of the exhibit have been omitted pursuant to a request for confidential treatment
|
|
|
Note:
|
We have retained a signed original of any exhibit listed above that contains signatures, and we will provide any such exhibit to the SEC or its staff upon request. Such request should be directed to the attention of our Corporate Secretary at our corporate offices located at 5430 LBJ Freeway, Suite 1700, Dallas, Texas 75240.
|
TITANIUM METALS CORPORATION
|
||
|
||
Date: August 19, 2011
|
By
|
/s/ James W. Brown
|
James W. Brown
|
||
Vice President and Chief Financial Officer
|
||
Principal Financial Officer
|
||
Date: August 19, 2011
|
By
|
/s/ Scott E. Sullivan
|
Scott E. Sullivan
|
||
Vice President and Controller
Principal Accounting Officer
|
A.
|
Included in this Amendment No 2 is provision to remove the * that was due to take effect on 1 January 2010, in consideration of this TIMET has requested Rolls-Royce to make further commitments to TIMET with respect to * and the Parties have agreed to an amendment to the Capability Acquisition Agreement reference 7440 (“CAA””) to record such commitment.
|
Upon execution by both Parties of this Amendment No 2, the LTA is amended as set out below and, thereafter, the term “LTA” means the LTA as so amended.
|
(iii)
|
|
Section 2.2.6 - the words “and the Billet Maximum Volume” are deleted from line 6
|
|
Section 2.2.6.3 – the words “or the Billet Maximum Volume” are deleted from line 3.
|
|
Section 2.3.1 – the words “Billet Maximum Volume” are deleted from line 1 and 2.
|
Section 3.4 – the words “and 2009” in line 2 are deleted and replaced with the words “,2009 and 2010” and the words “From 1st January 2010 “ in line 3 are deleted and replaced with the words “1st January 2011” :
|
|
For the Base Price over a five year period commencing 1st January 2011 and ending 31st December 2015 if the Formula as set out in Attachment 4 hereto determines an adjustment to the then Base Price, then the Price Payable for the Materials shall be adjusted (upward or downward) for the initial +/- (plus or minus) * increase or decrease per year. The Price Payable will not be adjusted for the subsequent +/- (plus or minus) * increase or decrease per year as determined by the Formula. Thereafter, any resultant changes in excess of +/- (plus or minus) * will be shared between the Parties on an * and the Price Payable for the Materials will be adjusted accordingly.
|
|
For the Base Price over a five year period commencing 1st January 2016 and ending 31st December 2020 (being the due date for expiry of this LTA) if the formula as set out in Attachment 4 hereto determines an adjustment to the then Base Price, the Price Payable for the Materials shall be adjusted as set forth in such Attachment 4.”
|
|
Section 3.9 – is deleted in its entirety and is replaced by new Section 3.9 as follows:-
|
Section 4.1.2 – the words “or by such other time as mutually agreed by the Parties” are added after the words “by 31 December 2007” in lines 12 and 13 and the words “or by such other time as mutually agreed by the Parties” are added after the words “by 31 December 2008 in line 14.
|
Section 4.1.5 is deleted in its entirety and replaced with the following new Section 4.1.5:
|
|
Title to all * Materials and all * Materials shall remain with Vendor until title passes to R-R in accordance with Clause 3 of the GCP. Vendor shall bear risk of loss in all * Materials until risk of loss passes to R-R in accordance with Clause 3 of the GCP.”
|
New Section 4.4 is added as follows:
|
|
R-R acknowledges and agrees that it will use its best efforts to work with * to bring * specification metal within the scope of this Agreement and to ensure that TIMET receives its full titanium supply volume for such Supply Chain. R-R further agrees to use its best efforts to work with TIMET, * and other partners as appropriate to * under this Agreement.”
|
|
4.
|
RENUMBERING OF CROSS REFERENCES TO AMENDED SECTIONS.
|
Rolls-Royce plc
|
|
Rolls-Royce Deutschland Ltd & Co KG | Rolls-Royce Deutschland Ltd & Co KG |
/s/ Gustav Greyling
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Signature) |
/s/ Robert Anthony
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Signature) |
Gustav Greyling
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Print Name) |
Robert Anthony
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Print Name) |
EVP – Strategic Purchasing
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Position) |
RPE -- Germany
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Position) |
Rolls-Royce Corporation | Rolls-Royce Corporation |
/s/ Beverly J. Gaskin
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Signature) |
/s/ Angela M. McDonald
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Signature) |
Beverly J. Gaskin
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Print Name) |
Angela M. McDonald
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Print Name) |
EVP – RRNA Supply Management
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Position) |
Legal Counsel
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Position) |
Rolls-Royce Canada Ltd |
Rolls-Royce Canada Ltd
|
/s/ Georges Khalaf
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Signature) |
/s/ Daniel Majeau
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Signature) |
Georges Khalaf
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Print Name) |
Daniel Majeau
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Print Name) |
Head of Commercial Rolls-Royce
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Position) |
Legal Counsel and Corporate Secretary
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Position) |
Titanium Metals Corporation | Timet UK Limited |
/s/ Bobby D. O’Brien
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Signature) |
/s/ Ian Hodges
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Signature) |
Bobby D. O’Brien
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Print Name) |
Ian Hodges
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Print Name) |
President and Chief Executive Officer
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Position) |
Managing Director
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Position) |
TIMET Savoie, S.A.
|
|
/s/ Jean Marc Frisch
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Signature) |
|
Jean Marc Frisch
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
(Print Name) |
|
President and General Manager
ŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸŸ
|
|
Attachment 1 To Agreement Ref: DPC6709
|
|||||||||||||||
Materials to be supplied & Purchased
|
|||||||||||||||
Materials
|
Specification
|
Materials
|
Specification
|
||||||||||||
*
|
AMS 4914
|
*
|
MSRR 8649
|
||||||||||||
*
|
MSRR 8602
|
*
|
MSRR 8652
|
||||||||||||
*
|
MSRR 8603
|
*
|
MSRR 8652
|
||||||||||||
*
|
MSRR 8605
|
*
|
MSRR 8657
|
||||||||||||
*
|
MSRR 8607
|
*
|
MSRR 8660
|
||||||||||||
*
|
MSRR 8610
|
*
|
MSRR 8663
|
||||||||||||
*
|
MSRR 8611
|
*
|
MSRR 8665
|
||||||||||||
*
|
MSRR 8612
|
*
|
MSRR 8669
|
||||||||||||
*
|
MSRR 8613
|
*
|
MSRR 8672
|
||||||||||||
*
|
MSRR 8614
|
*
|
MSRR 8679
|
||||||||||||
*
|
MSRR 8616
|
*
|
MSRR 8684
|
||||||||||||
*
|
MSRR 8624
|
*
|
MSRR 8689
|
||||||||||||
*
|
MSRR 8625
|
*
|
MSRR 8693
|
||||||||||||
*
|
MSRR 8626
|
*
|
AMS 4928
|
||||||||||||
*
|
MSRR 8633
|
*
|
AMS 4928
|
||||||||||||
*
|
MSRR 8634
|
*
|
AMS 4976
|
||||||||||||
*
|
MSRR 8636
|
*
|
EMS 59501
|
||||||||||||
*
|
MSRR 8638
|
*
|
EMS 59502
|
||||||||||||
*
|
MSRR 8647
|
*
|
EMS 59503
|
||||||||||||
*
|
MSRR 8648
|
*
|
EMS 59504
|
Attachment 2A To Agreement Ref: DPC6709
|
|||||
Members of the Supply Chain
|
|||||
R-R Supply Chain Member | Product |
Alloy
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR and 6" AMS 4928 Billet
|
|||
*
|
All
|
EMS and MSRR and 6" AMS 4976 Billet
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR and 3" AMS 4928 Bar *
|
|||
*
|
All
|
EMS and MSRR and 6" AMS 4976 Billet
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
*
|
All
|
EMS and MSRR
|
|||
This list is not exhaustive and other R-R vendors may be added by mutual agreement to both Parties for the duration of the LTA.
|
|||||
*
|
Attachment 2B To Agreement Ref: DPC6709
|
||||||
*
|
||||||
R-R Supply Chain Member |
Product
|
Alloy
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
*
|
*
|
MSRR 6-4 and CP
|
||||
This list is not exhaustive and other R-R vendors and specifications may be added by mutual agreement by both Parties for the duration of the LTA
|
DFX Cost Saving Breakdown
|
|||
*
|
|||
Saving $/Pc
|
|||
*
|
*
|
||
*
|
*
|
||
*
|
*
|
||
*
|
*
|
||
*
|
|||
GRAND TOTAL ACHIEVABLE SAVINGS
|
|||
*
|
Saving $/Pc
|
||
*
|
*
|
||
*
|
*
|
||
*
|
*
|
||
GRAND TOTAL ACHIEVABLE SAVINGS
|
*
|
*
|
Saving $/Pc
|
|
*
|
*
|
|
*
|
||
*
|
*
|
|
*
|
||
*
|
||
GRAND TOTAL ACHIEVABLE SAVINGS
|
*
|
|
Attachment 3 To Agreement Ref: DPC6709
|
|||||||
ROLLS-ROYCE / TIMET
|
|||||||
Timet Direct Supply Materials to Rolls Royce for XWB Ex Works Swansea UK
|
|||||||
Current
|
Base
|
Full DFX
|
Full DFX with Chip
|
||||
Fan Blade Plates
|
Part Number
|
$ / Unit
|
$ / Unit
|
$ / Unit
|
$ / Unit
|
||
*
|
*
|
*
|
*
|
||||
*
|
TBA
|
*
|
*
|
||||
OGV PLATE
|
Part Number
|
$ / Unit
|
$ / Unit
|
$ / Unit
|
|||
*
|
*
|
*
|
*
|
||||
*
|
TBA
|
*
|
|||||
Membrane
|
Part Number
|
$ / Unit
|
$ / Unit
|
$ / Unit
|
|||
*
|
*
|
*
|
*
|
||||
*
|
TBA
|
*
|
|||||
TIMET shall offer R-R the base pricing set forth above to R-R by December 31, 2011 upon completion of the approval for the use of an *
|
|||||||
TIMET shall offer R-R the * to R-R by * and R-R shall supply TIMET *, based on the agreed upon the agreed to initiatives and timescales (the "Project Plan").
|
|||||||
If the Project Plan savings are not achieved then * shall not be offered. However, if the Project Plan savings are not achieved or are delayed beyond December 2012
|
|||||||
solely due to TIMET’s fault, then R-R shall be offered * commencing no later than *. If the Project Plan savings are not achieved or are delayed beyond * due
|
|||||||
to R-R's fault, then the * deadline for R-R to receive the * shall be extended until such time as the Project plan savings are achieved, if at all.
|
Attachment 3 To Agreement Ref: DPC6709
|
|||
ROLLS-ROYCE / TIMET
|
|||
Timet Direct Supply Materials to Rolls Royce Ex Works Swansea UK
|
|||
2010
|
2011
|
||
Fan Blade Plates
|
Number
|
$ / Unit
|
$ / Unit
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
2010
|
2011
|
||
OGV PLATE
|
Part Number
|
£ / Unit
|
£ / Unit
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
2010
|
2011
|
||
Membrane
|
Part Number
|
$ / Unit
|
$ / Unit
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
2010
|
2011
|
||
230 Sheet MSRR8603
|
Part Number
|
£ / Unit
|
£ / Unit
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
2010
|
2011
|
||
15-3-3-3 Sheet AMS4914
|
Part Number
|
£ / Unit
|
£ / Unit
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
Attachment 3 To Agreement Ref: DPC6709
|
|||||||||||
ROLLS-ROYCE / TIMET
|
PRICE LIST For 2009 and 2010 Deliveries
|
||||||||||
Bar : Hot Rolled & Centreless Ground
|
|||||||||||
This is a NETT Price List
|
Prices in £ / kg
|
||||||||||
Size
|
CP
|
230
|
6-4 SQ
|
6-4 RQ
|
6-4 RQ
|
6-4 DQ
|
550
|
679 DQ
|
685 DQ
|
6-2-4-2 DQ
|
829 DQ
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
|
8607
|
8602
|
8614
|
8610
|
8624
|
8636
|
8626
|
8612
|
8611
|
8693
|
8648
|
|
8605
|
8652
|
8649
|
|||||||||
8mm - 9.9mm
|
*
|
*
|
*
|
*
|
*
|
*
|
|||||
10mm - 12.7mm
|
*
|
*
|
*
|
*
|
*
|
*
|
|||||
12.8mm - 19mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
19.1mm - 24.9mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
25mm - 34.9mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
35mm - 49.9mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|
50mm - 69.9mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|
70mm - 100mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|
Bar Extras: Heat Treatment
|
|||||||||||
Annealing
|
*
|
per kg
|
|||||||||
Solution Heat Treatment
|
*
|
per kg
|
|||||||||
Ageing
|
*
|
per kg
|
|||||||||
Bar Extras: Small Quantities
|
|||||||||||
Base of 2000kg
|
Nil
|
||||||||||
1000 to 1999kg
|
*
|
per kg
|
|||||||||
500 to 999kg
|
*
|
per kg
|
|||||||||
100 to 499kg
|
*
|
per kg
|
|||||||||
50 to 99kg
|
*
|
per kg
|
|||||||||
up to 50kg
|
|
||||||||||
Bar Extras: Cutting Charges
|
|||||||||||
Length
|
|||||||||||
Up to 100MM
|
101 - 600MM
|
601 - 1250MM
|
|||||||||
Exact Length
|
All Diameters
|
*
|
per kg
|
*
|
per kg
|
*
|
per kg
|
||||
Multiple Length
|
*
|
per kg
|
*
|
per kg
|
Attachment 3 To Agreement Ref: DPC6709
|
|||||||||||
ROLLS-ROYCE / TIMET
|
PRICE LIST For 2011 Deliveries
|
||||||||||
Bar : Hot Rolled & Centreless Ground
|
|||||||||||
This is a NETT Price List
|
Prices in £ / kg
|
||||||||||
Size
|
CP
|
230
|
6-4 SQ
|
6-4 RQ
|
6-4 RQ
|
6-4 DQ
|
550
|
679 DQ
|
685 DQ
|
6-2-4-2 DQ
|
829 DQ
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
|
8607
|
8602
|
8614
|
8610
|
8624
|
8636
|
8626
|
8612
|
8611
|
8693
|
8648
|
|
8605
|
8652
|
8649
|
|||||||||
8mm - 9.9mm
|
*
|
*
|
*
|
*
|
*
|
*
|
|||||
10mm - 12.7mm
|
*
|
*
|
*
|
*
|
*
|
*
|
|||||
12.8mm - 19mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
19.1mm - 24.9mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
25mm - 34.9mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
35mm - 49.9mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|
50mm - 69.9mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|
70mm - 100mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|
Bar Extras: Heat Treatment
|
|||||||||||
Annealing
|
*
|
per kg
|
|||||||||
Solution Heat Treatment
|
*
|
per kg
|
|||||||||
Ageing
|
*
|
per kg
|
|||||||||
Bar Extras: Small Quantities
|
|||||||||||
Base of 2000kg
|
Nil
|
||||||||||
1000 to 1999kg
|
*
|
per kg
|
|||||||||
500 to 999kg
|
*
|
per kg
|
|||||||||
100 to 499kg
|
*
|
per kg
|
|||||||||
50 to 99kg
|
*
|
per kg
|
|||||||||
up to 50kg
|
*
|
||||||||||
Bar Extras: Cutting Charges
|
|||||||||||
Length
|
|||||||||||
Up to 100MM
|
101 - 600MM
|
601 - 1250MM
|
|||||||||
Exact Length
|
All Diameters
|
*
|
per kg
|
*
|
per kg
|
*
|
per kg
|
||||
Multiple Length
|
*
|
per kg
|
*
|
per kg
|
Attachment 3 To Agreement Ref: DPC6709
|
|||||||||||||||
ROLLS-ROYCE / TIMET
|
PRICE LIST For 2009 and 2010 Deliveries
|
||||||||||||||
Billet : Forged & Machined Condition
|
|||||||||||||||
This is a NETT Price List
|
Prices in £ / kg
|
||||||||||||||
Size
|
CP
|
230
|
6-4 SQ
|
6-4 RQ
|
6-4 RQ
|
6-4 DQ
|
6-4 DQ
|
550
|
550
|
550
|
6246 DQ
|
679 DQ
|
685 DQ
|
829 DQ
|
834 DQ
|
CHM
|
DM
|
TM
|
|||||||||||||
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
||
8607
|
8602
|
8614
|
8610
|
8624
|
8638
|
8636
|
8626
|
8634
|
8663
|
8684
|
8613
|
8665
|
8647
|
8679
|
|
8605
|
8652
|
8625
|
8636
|
8616
|
8649
|
||||||||||
110mm to 149mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
150mm to 174mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
||
175mm to 199mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
200mm to 249mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
||
250mm to 299mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|
300mm to 399mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|
400mm to 600mm ("Bingot")
|
* |
*
|
* | ||||||||||||
Attachment 3 To Agreement Ref: DPC6709
|
|||||||||||||||
Billet Extras: Heat Treatment
|
Billet Extras: Radius Changes
|
||||||||||||||
Annealing
|
*
|
per kg
|
Charge Per Billet
|
Charge Per Billet
|
|||||||||||
Solution Heat Treatment
|
*
|
per kg
|
100MM - 200MM
|
*
|
251MM - 300MM
|
*
|
|||||||||
Ageing
|
*
|
per kg
|
201MM - 250MM
|
*
|
301MM - 399MM
|
*
|
|||||||||
400MM - 600MM
|
*
|
||||||||||||||
Billet Extras: Small Quantities
|
|||||||||||||||
Base Of 2000KG
|
Nil
|
||||||||||||||
1000 to 1999KG
|
*
|
per kg
|
|||||||||||||
500 to 999KG
|
*
|
per kg
|
|||||||||||||
100 to 499KG
|
*
|
per kg
|
|||||||||||||
50 to 99KG
|
*
|
per kg
|
|||||||||||||
UP to 50KG
|
*
|
||||||||||||||
Billet Extras: Cutting Charges
|
|||||||||||||||
Length
|
|||||||||||||||
Diameter
|
Up to 100MM
|
101 - 600MM
|
601 - 1250MM
|
||||||||||||
Exact Length
|
Up to 100mm Diam
|
*
|
per kg
|
*
|
per kg
|
*
|
per kg
|
||||||||
101mm - 200mm
|
*
|
per kg
|
*
|
per kg
|
*
|
per kg
|
|||||||||
201mm - 399mm
|
*
|
per kg
|
*
|
per kg
|
*
|
per kg
|
|||||||||
400mm - 600mm
|
*
|
per kg
|
*
|
per kg
|
*
|
per kg
|
|||||||||
Multiple Length
|
All Diameters
|
*
|
per kg
|
*
|
per kg
|
Attachment 3 To Agreement Ref: DPC6709
|
|||||||||||||||
ROLLS-ROYCE / TIMET
|
PRICE LIST For 2011 Deliveries
|
||||||||||||||
Billet : Forged & Machined Condition
|
|||||||||||||||
This is a NETT Price List
|
Prices in £ / kg
|
||||||||||||||
Size
|
CP
|
230
|
6-4 SQ
|
6-4 RQ
|
6-4 RQ
|
6-4 DQ
|
6-4 DQ
|
550
|
550
|
550
|
6246 DQ
|
679 DQ
|
685 DQ
|
829 DQ
|
834 DQ
|
CHM
|
DM
|
TM
|
|||||||||||||
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
||
8607
|
8602
|
8614
|
8610
|
8624
|
8638
|
8636
|
8626
|
8634
|
8663
|
8684
|
8613
|
8665
|
8647
|
8679
|
|
8605
|
8652
|
8625
|
8636
|
8616
|
8649
|
||||||||||
110mm to 149mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
150mm to 174mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
||
175mm to 199mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
200mm to 249mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
||
250mm to 299mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|
300mm to 399mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
|
400mm to 600mm ("Bingot")
|
*
|
*
|
*
|
||||||||||||
Billet Extras: Heat Treatment
|
Billet Extras: Radius Changes
|
||||||||||||||
Annealing
|
*
|
per kg
|
Charge Per Billet
|
Charge Per Billet
|
|||||||||||
Solution Heat Treatment
|
*
|
per kg
|
100MM - 200MM
|
*
|
*
|
251MM - 300MM
|
*
|
*
|
*
|
||||||
Ageing
|
*
|
per kg
|
201MM - 250MM
|
*
|
*
|
301MM - 399MM
|
*
|
*
|
*
|
||||||
400MM - 600MM
|
*
|
*
|
*
|
||||||||||||
Billet Extras: Small Quantities
|
|||||||||||||||
Base Of 2000KG
|
Nil
|
||||||||||||||
1000 to 1999KG
|
* |
per kg
|
|||||||||||||
500 to 999KG
|
* |
per kg
|
|||||||||||||
100 to 499KG
|
*
|
per kg
|
|||||||||||||
50 to 99KG
|
* |
per kg
|
|||||||||||||
UP to 50KG
|
* |
|
|||||||||||||
Billet Extras: Cutting Charges
|
|||||||||||||||
Length
|
|||||||||||||||
Diameter
|
Up to 100MM
|
101 - 600MM
|
601 - 1250MM
|
||||||||||||
Exact Length
|
Up to 100mm Diam
|
*
|
per kg
|
*
|
per kg
|
*
|
per kg
|
||||||||
101mm - 200mm
|
*
|
per kg
|
*
|
per kg
|
*
|
per kg
|
|||||||||
201mm - 399mm
|
*
|
per kg
|
*
|
per kg
|
*
|
per kg
|
|||||||||
400mm - 600mm
|
*
|
per kg
|
*
|
per kg
|
*
|
per kg
|
|||||||||
Multiple Length
|
All Diameters
|
*
|
per kg
|
*
|
per kg
|
Attachment 3 To Agreement Ref: DPC6709
|
|||||||
2007
|
2008
|
2009 2010
|
2011
|
||||
$/lb
|
$/lb
|
$/lb
|
$/lb
|
||||
TIMETAL®6-4 EMS 59501 and EMS 59503 and AMS 4928 (Rotating Grade)
|
|||||||
3.00” diameter
|
*
|
*
|
*
|
*
|
|||
5.25” diameter
|
*
|
*
|
*
|
*
|
|||
6.00” diameter
|
*
|
*
|
*
|
*
|
|||
8.00” diameter
|
*
|
*
|
*
|
*
|
|||
TIMETAL®6-4 CHM EMS 59501 and EMS 59503 and AMS 4928 (Rotating Grade)
|
|||||||
3.00” diameter
|
*
|
*
|
*
|
*
|
|||
5.25” diameter
|
*
|
*
|
*
|
*
|
|||
6.00” diameter
|
*
|
*
|
*
|
*
|
|||
8.00” diameter
|
*
|
*
|
*
|
*
|
|||
TIMETAL®6-2-4-2 EMS 59502 (Rotating Grade)
|
|||||||
5.00” diameter
|
*
|
*
|
*
|
*
|
|||
6.00” diameter
|
*
|
*
|
*
|
*
|
|||
TIMETAL®6-2-4-2 AMS 4976 (Standard Grade)
|
|||||||
5.50” diameter
|
*
|
*
|
*
|
*
|
|||
8.00” diameter
|
*
|
*
|
*
|
*
|
|||
10.00” diameter
|
*
|
*
|
*
|
*
|
|||
12.00” diameter
|
*
|
*
|
*
|
*
|
|||
Adders for , Quantity , Cutting , Heat Treat , Radius should be applied as per the US MSRR List
|
Attachment 3 To Agreement Ref: DPC6709
|
|||||||||
ROLLS-ROYCE / TIMET
|
|||||||||
Billet : Forged & Machined Condition
|
|||||||||
For Product Manufactured in the USA Only
|
|||||||||
$/lb
|
|||||||||
2008
|
2009 and 2010
|
2011
|
|||||||
Size
|
6-4 SQ
|
6-4 DQ
|
6246 DQ
|
6-4 SQ
|
6-4 DQ
|
6246 DQ
|
6-4 SQ
|
6-4 DQ
|
6246 DQ
|
CHM
|
CHM
|
CHM
|
|||||||
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
MSRR
|
|
8614
|
8638
|
8684
|
8614
|
8638
|
8684
|
8614
|
8638
|
8684
|
|
8652
|
8636
|
8652
|
8636
|
8652
|
8636
|
||||
AMS4928
|
AMS4928
|
AMS4928
|
|||||||
110mm to 149mm
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
150mm to 174mm
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
175mm to 199mm
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
200mm to 249mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
250mm to 299mm
|
*
|
*
|
*
|
*
|
*
|
*
|
|||
300mm to 399mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
400mm to 600mm ("Bingot")
|
*
|
*
|
*
|
||||||
Billet Extras: Heat Treatment
|
$/lb
|
Billet Extras: Small Quantities
|
$/lb
|
||||||
2008
|
2009 and 2010
|
2011
|
2008
|
2009 and 2010
|
2011
|
||||
Annealing
|
*
|
*
|
*
|
Base Of 2000KG
|
|||||
Solution Heat Treatment
|
*
|
*
|
*
|
1000 to 1999KG
|
*
|
*
|
*
|
||
Ageing
|
*
|
*
|
*
|
500 to 999KG
|
*
|
*
|
*
|
||
100 to 499KG
|
*
|
*
|
*
|
||||||
Billet Extras: Radius Changes
|
$ per Billet
|
50 to 99KG
|
*
|
*
|
*
|
||||
2008
|
2009 and 2010
|
2011
|
UP to 50KG
|
*
|
|||||
100MM - 200MM
|
*
|
*
|
*
|
||||||
201MM - 250MM
|
*
|
*
|
*
|
||||||
251MM - 300MM
|
*
|
*
|
*
|
||||||
301MM - 399MM
|
*
|
*
|
*
|
||||||
400MM - 600MM
|
*
|
*
|
*
|
||||||
Billet Extras: Cutting Charges
|
$/lb
|
||||||||
2008
|
2009 and 2010
|
2011
|
|||||||
Diameter
|
Up to 100MM
|
101 - 600MM
|
601 - 1250MM
|
Up to 100MM
|
101 - 600MM
|
601 - 1250MM
|
Up to 100MM
|
101 - 600MM
|
601 - 1250MM
|
Up to 100mm Diam
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
101mm - 200mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
201mm - 399mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
400mm - 600mm
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
Multiple Length
|
*
|
*
|
*
|
*
|
*
|
*
|
Attachment 5 To Agreement Ref: DPC6709
|
|||||||||
ROLLS-ROYCE / TIMET | |||||||||
Ingot : Rough Ground Condition
|
|||||||||
This is a NETT Price List Prices in $ / lb
|
|||||||||
2007
|
2008
|
2009
|
2010
|
2011
|
|||||
SQ
|
*
|
*
|
*
|
*
|
*
|
||||
DQ
|
*
|
*
|
*
|
*
|
*
|
||||
Chip Requirement
|
|
* |
*
|
*
|
|||||
Escalation
|
*
|
*
|
*
|
*
|
*
|
*If chip is not provided then every $1lb change in market price above $2lb will increase selling price by $0.38lb
|
|||||||||
Eg
|
Chip mkt cost $ /lb
|
*
|
*
|
*
|
*
|
*
|
|||
Base Ingot $ / lb
|
*
|
*
|
*
|
*
|
*
|
||||
Final Cost $ / lb
|
*
|
*
|
*
|
*
|
*
|
Example calculation for 2012 Ingot Price | |||||||||
IB | Ingot base effective Jan 1st 2012 | * | |||||||
C | * | ||||||||
CS | % of required chip * not received Nov 1st 2010 to Oct 31st 2011 | * | |||||||
IP | Ingot Price Effective Jan 1st 2012 | * | |||||||
Calculation | * |