Boeing And Russia Avisma Strengthen Titanium Supply Relationship

Boeing And Russia Avisma Strengthen Titanium Supply Relationship

According to the related reports, Boeing and the Russian titanium manufacturer VSMPO-AVISMA have signed a memorandum of understanding (MOU), confirming that VSMPO-AVISMA will still be the largest titanium supplier for current and future of Boeing commercial aircraft.

According to the memorandum of understanding signed by the two companies at the Dubai Airshow, Boeing and VSMPO-AVISMA will work together to: improve the utilization rate of the Ural Boeing Manufacturing (UBM) joint venture in Russia; increase investment in research and development and continue to develop new titanium alloys and technologies; explore new opportunities, in addition to raw materials or forging technology, expand VSMPO-AVISMA's role in producing titanium parts for current and future Boeing commercial aircraft.

Dmitri Osipov, CEO of VSMPO-AVISMA, said: “The signing of the memorandum strengthens our position as a reliable partner for Boeing for many years to come. For us, this means confidence in our titanium products and recognition of their high quality. ” "The stable and long-term relationship with Boeing allows VSMPO-AVISMA to focus on expanding our investment plan and developing our production capacity, and to continue to implement ESG principles in our operations. ”