On 27 December 2007 US Boeing and VSMPO-AVISMA created a joint venture Ural Boeing Manufacturing and signed a contract on titanium products deliveries until 2015, with Boeing planning to invest 27 billion dollars in Russia over the next 30 years.
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Located in Verkhnyaya Salda, Russia, VSMPO-AVISMA also operates facilities in Ukraine, England, Switzerland, Germany and the United States.