Public stock VSMPO AVISMA : VSMPO-AVISMA and Aernnova Aerospace have signed a long-term titanium supply agreement until 2028

VSMPO-AVISMA Corporation and Aernnova Aerospace (Spain) have signed a long-term agreement for supply of titanium products valid until 2028.

Under the terms of the agreement, VSMPO-AVISMA will keep on delivery of titanium die forgings intended for Airbus A350 aircraft structures to Aernnova Aerospace.

According to the terms of the agreement, VSMPO-AVISMA deliveries cover the entire demand of Aernnova Aerospace for the die forgings under the abovementioned programs.

Dmitry Osipov, Chief Executive Officer of VSMPO-AVISMA Corporation:"Signing of the agreement which is valid until 2028 is a significant result of our joint efforts and it proves, time and again, VSMPO-AVISMA leading positions in the market. Our plan is to further extend cooperation framework with Aernnova Aerospace as to development of joint products for global aerospace needs".

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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.

ABOUTAERNNOVA AEROSPACE

Aernnova is a leading aerostructure company specialized in the design and manufacturing of composite and metallic structures for very demanding programmes.

Headquartered in Spain, with over 4,500 employees and a global footprint including operations in Brazil, México, U.K. and USA, Aernnova works with world-class aerospace customers such as: Embraer, Airbus, Bell Helicopters, Boeing, Northrop Grumman, Sikorsky, and Space X, among others.

Aernnova is recognized by its customers for its performance and competitiveness as well as for its know-how, capacities and capabilities in engineering and manufacturing.

The company is fully committed to play a leading role towards a net zero aviation industry. Technological Development and Innovation is one of Aernnova's strategic growth vectors to meet this ambitious goal.

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