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"VSMPO-AVISMA" extended his contract with "the Boeing"

22 July 2014

Aircraft American corporation «the Boeing» has informed the media about a contract extension with the «VSMPO-Avisma» regarding the supply of rolled titanium for another three years. Under the new agreement, which will run until 2022, «VSMPO-Avisma» will continue to provide «the Boeing» corporation and suppliers of rolled titanium in the amounts specified in the contract, to ensure the needs of production of civil aircraft. In order to service support contract provides for the possibility of logistics, cutting and delivery to the specified terms of titanium products through distribution centers in the US, Germany, Great Britain and China. As head of the «VSMPO-Avisma» Mikhail Voevodin, the corporation plans to the central place is occupied by an increase in production volumes.

«VSMPO-Avisma» is the most significant world producer of titanium and occupies a leading position among the suppliers that work with companies focused on aerospace. A win-win activity «Boeing» — «VSMPO-Avisma» lasts for at least 20 years, the development of new projects based on advanced technology, scientific and technological center, it is also looking at new materials and aerodynamics and creates prototypes. The design center mission is to promote the development of the most important «Boeing» programs. Such mutually beneficial cooperation brings excellent results — for the period from 1993 to 2013, the company was able to implement contracts in Russia and the CIS total value of 7.5 billion USD… «Boeing» intends to continue to hold the position occupied, hoping over the next years to invest in the purchase of Russian metal, engineering design and other services to about 27 billion. USD.

In addition to the extension of the agreement with the corporation «Boeing», «VSMPO-AVISMA Corporation» signed long-term contract with the manufacturer of complex ventilation and piping systems in the aerospace industry «PFW Aerospace GmbH». The condition of the agreement is the supply of the Russian company of seamless titanium tubes until 2019 for their use in the hydraulic system aviakonstruktsy from the company «Boeing». The concluded agreement is another important step for the «VSMPO-Avisma» in order to consolidate its position in the aerospace market, the more that the titanium tubes are advanced product release which are engaged in a few qualified manufacturers.

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