Titanium alloys, such as Ti-6Al-4V, are crucial for aeroengine structural integrity, especially during high-energy events like turbine blade-out scenarios. However, accurately predicting their behavior under such conditions requires the precise calibration of constitutive models. This study presents a comprehensive sensitivity analysis of the Johnson-Cook plasticity and progressive damage model parameters for Ti-6Al-4V in blade containment simulations. Using finite element models, key plasticity parameters (yield strength (A), strain-hardening constant (B), strain-rate sensitivity (C), thermal softening coefficient (m), and strain-hardening exponent (n)) and damage-related parameters (d1, d2, d3, d4, and d5) were systematically varied by ±5% to assess their influence on stress distribution, plastic deformation, and damage indices. The results indicate that the thermal softening coefficient (m) and the strain rate hardening coefficient (C) exhibit the most significant influence on the predicted casing damage, highlighting the importance of accurately characterizing these parameters. Variations in yield strength (A) and strain hardening exponent (n) also notably affect stress distribution and plastic deformation. While the damage evolution parameters (d1–d5) influence the overall damage progression, their individual sensitivities vary, with d1 and d4 showing more pronounced effects compared to others. These findings provide crucial guidance for calibrating the Johnson-Cook model to enhance aeroengine structural integrity assessments.