A method and apparatus for forming a fastener for an aircraft. An annealed titanium alloy is provided with about 5.50 to about 6.75 weight percent aluminum, about 3.50 to about 4.50 weight percent vanadium, more than 0.20 weight percent oxygen, and more than 0.30 weight percent iron. Operations are performed to form the fastener for the aircraft from the annealed titanium alloy.