VSMPO-AVISMA and Boeing Conclude New Contract

2

Russia’s VSMPO-AVISMA and Boeing have signed a new contract for the supply of titanium components. This came in a statement by Rostec Director General Sergey Chemezov at the IDEX 2015 Defence Industry Exhibition.

The Russian and American companies plan to sign a contract for the construction of the second joint plant for processing titanium products in the near future. VSMPO-AVISMA is the world’s largest titanium producer that utilizes a full production cycle from raw material processing to finished products.

It should be noted that VSMPO-AVISMA produces semi-finished titanium parts for Boeing aircraft. VSMPO-AVISMA and Boeing started cooperating in 1993. At the moment, the Russian company provides Boeing with almost 40% of its titanium needs. In 2006, they signed an agreement to establish the Ural Boeing Manufacturing, a joint venture that processes titanium forgings. Total investment in the project amounted to $70 million.

Advertisements

Posted on February 25, 2015, in Aviation Industry News. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: