The U.S. planemaker had a long relationship with VSMPO-Avisma of Russia, which is its largest supplier of titanium. Though, there are no sanctions on the Russian supplier yet
•The U.S. planemaker said it has closed its engineering offices in Moscow and Kyiv
•Boeing’s largest titanium supplier from Russia, VSMPO-Avisma is not yet sanctioned, though
Boeing Co (NYSE: BA) said on Monday it will suspend buying titanium from Russia after the country invaded Ukraine.
The U.S. planemaker had a long relationship with VSMPO-Avisma of Russia, which is its largest supplier of titanium. Though, there are no sanctions on the Russian supplier yet.
Boeing also said it has closed its engineering offices in Moscow and Kyiv.
“Our inventory and diversity of titanium sources provide sufficient supply for airplane production, and we will continue to take the right steps to ensure long-term continuity,” a Boeing spokeswoman said, reported WSJ.