Boeing titanium supply not affected by sanctions

Published 12:58 pm Monday, September 22, 2014

Russia and the West have imposed economic sanctions against each other, but the Boeing Co.’s titanium supply has not been affected.

Boeing’s primary supplier is the Russia-based VSMPO-AVISMA Corp., one of the world’s largest titanium supplier.

“We are cooperating with Boeing in a normal regime. Both sides are implementing the earlier reached agreements,” Marina Voronkova, the company’s regional policy and public relations, said on Monday.

Her comments were reported by ITAR-TASS, a news agency run and owned by the Russian government.

VSMPO-AVISMA has already signed a contract to supply titanium for Boeing programs, including the new 777X airliner.

The titanium supplier is owned by Rostec, a Russian state-owned corporation. Rostec CEO Sergei Chemezov was targeted by economic sanctions in April in response to Russia’s invasion of Crimea.

Dan Catchpole: 425-339-3454; dcatchpole@heraldnet.com; Twitter: @dcatchpole.