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Boeing and Russia Avisma Strengthen Titanium Supply Relationship

  • 2021-11-25

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.

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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. ”