OREANDA-NEWS. PSC VSMPO-AVISMA Corporation and Pratt & Whitney Canada signed a long-term framework agreement on cooperation in late August 2007 at the International Aerospace Show MAKS-2007 in Zhukovsky (the Moscow region), the VSMPO press-service disclosed last Friday. The agreement defines relations between the two companies for the period of 10 years and is an important milestone of integration of Russian aircraft material producers into the world market.

Pratt & Whitney Canada performs a number of projects in Russia and has several engines powering Russia's Ansat and Mi-38 helicopters and Ilyushin-114-100 aircraft. PSC VSMPO-AVISMA Corporation is a world major producer of titanium. The VSMPO-AVISMA affiliate companies altogether employ over 22 thousand people. VSMPO-AVISMA exports account for 70% of its total output, with the remaining 30% covering domestic sales needs. The world's leading aircraft manufacturers are among VSMPO-AVISMA's major customers.