2 Boeing signs Russian titanium deal

Boeing signs Russian titanium deal

Posted on August 12, 2006 by team

boeing signs contract with vsmpo-avisma russian companyThe Boeing Co. said it’s signed a deal with a Moscow company that will machine the titanium forgings to be used in the Boeing 787 Dreamliner.

Chicago-based Boeing (NYSE: BA) said it’s signed a deal with VSMPO-AVISMA. The Russian company will make the titanium forgings in Verkhnaya Salda, Russia. The forgings will then be processed and machined in Boeing’s Gresham plant and by other subcontractors.

Boeing said the deal will remain compliant with all U.S. State Department sanctions.

“VSMPO will expand its capabilities in titanium parts production, and Boeing will increase efficiency and reduce the waste associated with titanium machining,” said Mike Cave, vice president of airplane programs for Boeing Commercial Airplanes, in a statement.

The 787 Dreamliner will be assembled in Everett, Wash.



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2 Responses to “Boeing signs Russian titanium deal”

  1. kim scholer says:

    Interestingly, the Lockheed SR-71 Blackbird – the Mach 3 spyplane – was built using titatnium purchased from The Soviet Union. Through middlemen of course, as this was during The Cold War.

  2. Jenn says:

    Um… thats kind of lame. Do you have any idea how many jobs the venture will bring to the people of Verkhnaya Salda and neighboring towns? It is purely beneficial to everyone you nut.

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