Titanium Metals Corporation

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Titanium Metals Corporation
Subsidiary of Precision Castparts Corp.
Traded as (NYSE: TIE)
Industry Titanium alloy production
Founded 1950; 67 years ago (1950)
Headquarters Dallas, Texas, United States
Key people
Harold Simmons
Steven Watson
(Vice Chairman and CEO)
Products Titanium sponge; titanium alloy ingot, sheet, strip, billet, plate, tube
Revenue Increase US$1.26 billion (2007)
Number of employees
2,530 (2007)
Parent Precision Castparts Corp.
Website www.timet.com

Titanium Metals Corporation, founded in 1950, is an American manufacturer of titanium-based metals products, focusing primarily on the aerospace industry. In November 2012, it was announced the company was being purchased for $2.9 billion by Precision Castparts Corp.[1]

Its major U.S. operations are based in Morgantown, Pennsylvania; Henderson, Nevada; Vallejo, California; and Toronto, Ohio. Its overseas operations are primarily based in the United Kingdom (in Waunarlwydd, Swansea and the village of Witton) and France. The company's current headquarters are located in Dallas, Texas.[2]

The company is most commonly referred to as TIMET, a shortened version of "TItanium METals" that is a registered company trademark.

In September, 2007, TIMET entered into a ten-year supply agreement with United Technologies Corp (UTC). Under the agreement, TIMET would supply titanium to UTC for commercial and military aircraft and aircraft engines.[3]