Titanium Metals Corp. announced that it has entered into a new, long-term titanium supply agreement with The Boeing Company. The new supply agreement will be effective on January 1, 2011 and will expire on December 31, 2015. As part of entering into the new supply agreement, TIMET and Boeing amended the terms of their existing supply agreement which expires December 31, 2010. The new supply agreement provides for, among other things, mutual annual purchase and supply commitments, the extension of the global titanium scrap recycling program and the utilization of the TIMET Global Service Center Network.

Titanium Metals Corp. reported net income attributable to common stockholders of $1.1 million, or $0.01 per diluted share, for the quarter ended September 30, 2009, compared to $40.2 million, or $0.22 per diluted share, for the quarter ended September 30, 2008. The company's net sales were $181.4 million for the third quarter of 2009 compared to $295.4 million for the third quarter of 2008, a decrease of 39% principally resulting from lower volumes and average selling prices. Operating income was $3.5 million for the third quarter of 2009 decreased from $52.9 million for the same period in 2008, primarily reflecting the effects of lower volumes and average selling prices for melted and mill products. Income before income taxes was $3.5 million against $57.7 million a year ago. For the nine months, the company reported net sales of $590.5 million against $886.3 million a year ago. Operating income was $45.6 million against $184.5 million for the same period in 2008. Income before income taxes was $46.1 million against $187.8 million a year ago. The company reported net income attributable to common stockholders of $29.4 million, or $0.16 per diluted share compared to $127.8 million, or $0.70 per diluted share a year ago.

Titanium Metals Corp. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).