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#VSMPO-AVISMA and Barnes Extend Long Term Supply Agreement

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January 24 2022

VSMPO-AVISMA Corporation (VSMPO) announced that it has agreed with Barnes Aerospace (Barnes) to an amendment of their existing long term contract for titanium mill products, providing for an extension of the contract term through the end of December, 2026, with an approximate value of $35M.

Under the terms of the amended contract, VSMPO will continue to provide Barnes with an agreed range of alloys and sizes of titanium mill products in support of their commercial aircraft manufacturing programs.

“This contract extension is reflective of the long term relationship between VSMPO and Barnes Aerospace” according to Dmitry Osipov, General Director of VSMPO. “We are honored to have the opportunity to continue to supply our products and we look forward to supporting and partnering with them through this time of recovery in the commercial aerospace industry”.

VSMPO will provide sales and service support of these contracts, including logistics, cutting, and just-in-time delivery services through its sales and distribution network locations in the United States.

Public Relations Department
VSMPO – AVISMA Corporation
+7 966 710 0116
Phone: +7 (34345) 6-23-31
vozhegova_ee@vsmpo-avisma.ru
pressa@vsmpo-avisma.ru
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About VSMPO-AVISMA CORPORATION

Public Stock Company VSMPO-AVISMA Corporation is the world’s largest vertically integrated manufacturer of titanium and titanium alloy products. The Corporation staff amounts to about 20 000 employees all over the world. Its majority shareholder is Mikhail Shelkov, Deputy Chairman of VSMPO-AVISMA Board of Directors (65.27%), 25% plus one share is owned by Rostec State Corporation. VSMPO-AVISMA is a leader in the global market for high-tech titanium products, is deeply integrated into the global aerospace industry and is a major strategic supplier of titanium products for many companies. Products manufactured by VSMPO-AVISMA Corporation are widely used in power engineering, petrochemical industry, shipbuilding, medicine and civil engineering. The Corporation enjoys business relationships with more than 450 companies in 50 countries worldwide, including Boeing, Airbus, Embraer S.A., Rolls-Royce plc, Safran Aircraft Engines, Safran Aero Boosters, Safran Landing Systems etc. 

About BARNES 

Barnes (NYSE: B) pioneers technologies to help change the world. Employees across the globe are dedicated to Persistent Ingenuity™ – advancing what’s possible and delivering to the highest standards. We serve a wide range of end markets and customers, including healthcare, automation, packaging, aerospace, mobility, and manufacturing, delivering breakthrough products and services to shape a more inclusive and sustainable world. For more information, visit www.BGInc.com.

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