On Tuesday, Boeing and Aviation Capital Services, a subsidiary of the State Corporation Russian Technologies (Rostech), announced a commitment by Rostech to purchase 35 737 Max narrow bodies. The transaction, valued at $3.5 billion at current list price, represents the first commitment for the 737 Max from Russia and the Commonwealth of Independent States.
Russia’s VSMPO-AVISMA Corp., specialist manufacturer of products made of titanium and aluminum alloys, steel and nickel, and Shanghai Aircraft Manufacturing Co. (SAMC), have signed a long-term purchase contract for titanium forging products for the Comac C919 aircraft program.
The intake of titanium by the global aviation industry is predicted to rise dramatically over this decade with the production of next-generation commercial jets made of advanced construction materials gearing up. Today, this industry consumes 40 percent of the world’s titanium supply. According to an independent analysis, demand for titanium in commercial aviation will increase from 42,000 metric tons in 2011 to more than 49,000 tons this year and then rise to 72,000 tons in 2016.
Airbus and Russia’s VSMPO-AVISMA signed a memorandum of understanding today at the Moscow Air Show confirming their intention to widen their activities from the supply of titanium raw material and forgings to so-called value-added activities.
Russian titanium manufacturer VSMPO-AVISMA (Hall 3 Stand B30) has signed a framework agreement covering the supply of titanium products to Airbus and other EADS divisions that could be worth as much as $4 billion through 2020.
Allegheny Technologies (ATI) is exhibiting at a Farnborough Air Show for the first time as ATI Aerospace–a new “market sector team” charged with answering record demand for titanium and super alloys from the aerospace and defense industry.
Progress on the Sukhoi Superjet 100 continues uninterrupted, despite the U.S. State Department’s inclusion of the airplane’s Russian manufacturer among seven companies sanctioned for violating the Iran Nonproliferation Act of 2000.