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Boeing, Russian company creating venture to make parts for Dreamliner jet(Associated Press WorldStream Via Thomson Dialog NewsEdge) MOSCOW_U.S. giant Boeing Co. and Russian titanium producer OAO VSMPO-Avisma have signed an agreement creating a joint venture to make titanium forgings for use in the production of the U.S. giant's 787 Dreamliner jet, Russian news agencies reported Tuesday. Announcements about the deal came on the first day of Russia's International Aviation and Space Show outside Moscow, Interfax and ITAR-Tass reported. The company, a 50-50 joint venture called Ural Boeing Manufacturing, will be based in Verkhnaya Salda in the Ural Mountains, the reports said. ITAR-Tass quoted Boeing's president in Russia, Sergei Kravchenko, as saying it would start operating this year. Kravchenko said each Dreamliner will contain more than 20 tons of parts produced by VSMPO-Avisma, ITAR-Tass reported. Russian flag-carrier Aeroflot signed a deal with Boeing in June to acquire 22 Dreamliners, with deliveries slated to start in 2014. Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |