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DUBAI, United Arab Emirates, Nov. 15, 2021 /PRNewswire/ — Boeing (NYSE: BA) and Russian titanium producer VSMPO-AVISMA have signed a Memorandum of Understanding (MOU) affirming that VSMPO-AVISMA will remain the largest titanium supplier for current and future Boeing commercial airplanes. Under the MOU signed by company leaders at the Dubai Airshow, Boeing and VSMPO-AVISMA will work together to: Increase utilization of their Russia-based Ural Boeing Manufacturing (UBM) joint venture; Increase R&D investment and continue to develop new titanium alloys and technologies; 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.
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