TIMETAL 54M (Ti-5Al-4V-0.6Mo-0.5Fe) is an alpha-beta titanium alloy that was developed to provide a producibility benefit over Ti-6Al-4V while offering similar tensile properties. TIMET has produced over 200MT of 54M product from Electron-Beam Single-Melt (EBSM) and VAR ingots. Studies on a variety of 54M products have confirmed a machinability benefit versus Ti-6Al-4V. 54M is already being used for automotive turbocharger applications and is being evaluated for airframe and aeroengine applications. Recent work includes statistical analysis of product tensile properties, additional mechanical properties testing, and additional component manufacturing trials.