Boeing has signed an agreement with Russian titanium producer, VSMPO-AVISMA, the company's largest supplier of the high-strength alloy.
Under the agreement, signed by company leaders at the Dubai Airshow, VSMPO-AVISMA will remain the largest titanium supplier for current and future Boeing commercial aircraft.
The two companies will work together to increase utilisation of their Russia-based Ural Boeing Manufacturing (UBM) joint venture; increase R&D investment and continue to develop new titanium alloys and technologies; and explore new opportunities to expand VSMPO-AVISMA's role producing titanium parts and components beyond raw material or forging, for current and future Boeing commercial airplanes.
"The signing of the memorandum strengthens our position as a reliable partner to Boeing for many years to come. For us, it means confidence in our titanium products and recognition of their high quality," said Dmitry Osipov, CEO of VSMPO-AVISMA. "Stable long-term relationships with Boeing enable VSMPO-AVISMA to focus on expanding our investment program and developing our production capacity, as well as to continue implementing ESG-principles in our operations."
"Today we mark another important step in expanding our mutually beneficial cooperation with VSMPO-AVISMA," said Stan Deal, president and CEO of Boeing Commercial Airplanes. "VSMPO-AVISMA has been a reliable and valuable partner to Boeing for almost 25 years."
VSMPO-AVISMA is the largest titanium supplier for Boeing commercial production. Titanium parts from VSMPO-AVISMA are used on Boeing 737, 767, 787, 777 and 777X airplanes.