VSMPO-Avisma Signs $4Bln Deal

VSMPO-Avisma, the world's largest titanium producer, said Monday that it has signed a deal to supply up to $4 billion in titanium products to Airbus and its parent, EADS, through 2020.

VSMPO-Avisma, controlled by state conglomerate Russian Technologies, said in a statement that the deal would cover the supply of round and flat rolled titanium products and stampings for contemporary Airbus models.

It said products would be supplied to other divisions of EADS and that the three firms would consider further cooperation with a view to vertically integrating production from raw materials through to finished products.

VSMPO-Avisma, which has production facilities in the Ural Mountains, exports about 70 percent of its products and also counts U.S. aviation giant Boeing among its main customers.