Firth Rixson Limited and MTU Aero Engines Continue Two Long Term Agreements

SHEFFIELD, United Kingdom and EAST HARTFORD, Conn., Nov. 20 /PRNewswire/ - Firth Rixson Limited, a major provider of highly engineered forged and specialty metal products, has reached agreement with MTU Aero Engines GmbH, the largest independent German aero engine and engine module manufacturer, to extend the commercial terms of two separate multi-year purchasing agreements signed by the Companies in 2004. With this renewed agreement, Firth Rixson will continue to supply seamless rolled ring forgings, and welded rings, to MTU through 2014 and 2015, respectively. The agreements span 80 part numbers, which will be supplied from Firth Rixson's US and UK manufacturing facilities. The combined value of these agreements will be more than $23 M, annually.

Commenting on the agreement, David C. Mortimer, CEO of Firth Rixson, said, "The continuation of these agreements further demonstrates both MTU's confidence in Firth Rixson as a supply chain partner, and our relentless commitment to customer satisfaction through operational excellence."

About Firth Rixson

Headquartered in Sheffield, UK, Firth Rixson serves customers worldwide in market sectors such as aerospace, defense, power generation, transportation, petrochemical, medical and general industrial. Firth Rixson owns 11 operating facilities in North America, Europe and Asia.

Firth Rixson Limited ( http://www.firthrixson.com ) is owned by Oak Hill Capital Partners ( http://www.oakhillcapital.com ).

SOURCE Firth Rixson Limited