Titanium treaty

  • 30-Jun-2008 08:09 EDT

EADS signed a memorandum of understanding (MOU) with Kazakh titanium supplier UKTMP and Aubert & Duval, a supplier of metal-based aircraft components. The MOU covers the supply of titanium to Airbus and other divisions of EADS and is potentially worth $1 billion. The supply partners are to set up a joint venture, UKAD, for transforming the titanium ingots delivered by UKTMP and improving the vertical integration of the titanium supply chain to EADS and Airbus.

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