Boeing Strengthens Titanium Supply Relationship With Russia's Avisma

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

According to the memorandum of understanding signed by the two companies at the Dubai Air Show, Boeing and VSMPO-AVISMA will work together: increase the utilization rate of the Ural Boeing Manufacturing (UBM) joint Russia venture  ; increase RD investment and will  continue to develop new titanium alloys And technology;and explore new opportunities, Except  raw materials or forging technology, expand the role of VSMPO-AVISMA in the production of titanium components for current and future Boeing commercial aircraft.

VSMPO-AVISMA CEO Dmitry Osipov said: "The  memorandum signing strengthens our position as a reliable partner of Boeing for many years .It's coming. for us, this means confidence in titanium products and recognition of  high quality. "The stable and long-term relationship with Boeing enables VSMPO-AVISMA to focus on expanding our investment plans and developing our production capacity, and continue to implement ESG principles in our operations."