Norsk Titanium announced the signing of a long-term Master Supply Agreement to support Airbus A350 production. The long-term Master Supply Agreement for recurring production for the A350 commercial airplane program is entered into between Norsk Titanium US Inc. and Airbus Aerostructures GmbH, and builds on the successful qualification of the RPD® technology with Airbus and delivery of serial production parts in 2023. The supply agreement outlines the contractual framework for Airbus to procure parts from Norsk Titanium on a long-term basis under defined terms. Different parts are being qualified to enter serial production, governed by the Master Supply Agreement.

Subject to this qualification Norsk Titanium expects to see the first revenue generating deliveries under the Master Supply Agreement during the second quarter 2024.