Boeing announced a 50/50 joint-venture agreement with VSMPO-AVISMA of Russia for the machining of titanium forgings for the 787. The companies have been working together since 1997 and signed an MOU on the titanium JV in April. VSMPO-AVISMA will perform rough machining in Verkhnaya Salda before final machining and processing is completed by Boeing in Portland, Ore.

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