VSMPO-AVISMA, a Russian titanium supplier, and SAFRAN a French Tier one equipment supplier, have signed a LTA for delivery of titanium plates for the leading edge for the LEAP engine Fan blade. The expected revenues from this Agreement will approximately exceed USD 50 million.
«The objective of this agreement is not only to support the existing mutually beneficial business relationship between VSMPO-AVISMA Corporation and SAFRAN, but also to expand it to include delivery of titanium products for a new project of SAFRAN. This document covers mutually beneficial delivery and payment terms which ensure just in time deliveries of the required quantities of products for the customer and accurate capacity planning for VSMPO-AVISMA»,– commented Mikhail Voevodin, VSMPO-AVISMA CEO on the agreement signature.
Relations between the Russian titanium manufacturer and SAFRAN have been developing efficiently for more than 10 years, and the recently signed agreement extends mutually beneficial partnership for another 10 years.