Russia-based VSMPO-AVISMA has announced that it has inked a USD 4 billion contract with Airbus to supply the European aircraft manufacturer with titanium for its planes over the next decade. The agreement, hailed as a landmark deal between a European company and Russia, was signed at a ceremony in Moscow attended by Russia’s Prime Minister Vladimir Putin. VSMPO-AVISMA is part of the state industrial holding Russian Technologies. The contract provides for Russian Technologies to supply Airbus with titanium used in the production of all its aircraft, including a new longhaul model, the A350 XWB.
