In a meeting with his Russian counterpart last week, President Barack Obama lauded Russian Technologies plan to buy 50 Boeing 737s.
“I am especially pleased that Boeing and Russian Technologies are moving forward with a $4 billion deal on 50 Boeing 737s,” Obama said.
Russian Technologies (Rostechnologii) announced June 1 that it had chosen Boeing’s 737 over Airbus’ A320 for the large new narrow-body airliner order. The state-owned company operates carrier Rosavia and is working with Aeroflot on a deal for that carrier to lease some of the jets.
Thursday last week, Boeing announced it had signed a five-year contract extension with Russia’s VSMPO AVISMA Corp. and an agreement with Innovation Center of Skolkovo, Russia, during Russian President Dmitry Medvedev’s U.S. visit.
VSMPO AVISM has supplied raw material and titanium parts to Boeing since 1997. The extension continues deliveries of titanium forgings and rough-machined titanium forgings for Boeing’s 787 Dreamliner, 777 and 737 aircraft through 2015.
“This contract is another milestone in Boeing’s longstanding relationship with Russian Technologies/VSMPO-AVISMA — our strategic partner and supplier in Russia,” Boeing Commercial Airplanes President and CEO Jim Albaugh said in a news release.
Boeing expects to spend as much as $27 billion on Russian titanium, aerospace design-engineering services and other services and materials over the next 30 years.