Boeing and VSMPO extend the long-term supply agreement.

Today Boeing and VSMPO-AVISMA, Russia's largest producer of titanium products, have extended their long-term contract on the supply of titanium rolled products for another three years. Under the new agreement the contract is valid until the end of 2022. Under the terms of the amended contract VSMPO continues to provide the Boeing Company and its suppliers with rolled titanium in the agreed annual quantities to meet the needs of civil aircraft production.

"Extending this contract demonstrates the strong and effective cooperation between VSMPO and Boeing, - Mikhail Voevodin, the General Director of VSMPO-AVISMA, stated. – For the third decade our company is working closely with Boeing in the fields of supply, service support and logistics, clearly performing all the partnership obligations. We appreciate the cooperation and continue to plan not only to increase the production, but also to continue our work together to increase the output of products with a deep degree of machining".

"Today, we have identified another important step in further expanding our mutually beneficial partnership - Sergey Kravchenko, the President of Boeing, Russia and the CIS, stated - VSMPO has been a reliable and valuable partner of Boeing for many years, and we look forward to our successful cooperation in the future".