UPDATE 1-Airbus wins reprieve from Canadian sanctions on Russian titanium [Yahoo! Finance]
Boeing Company (The) (BA)
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Source: Yahoo! Finance
use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in the latest package of measures triggered by the war in Ukraine. The move gives Airbus flexibility in its Canadian plants and is expected to allay concerns that its core operations could be hit by effectively banning the import to Canada of European-built long-range jets that rely most heavily on titanium. Russian state-backed VSMPO-AVISMA has for years been the industry's largest titanium supplier. "Airbus is aware of the Canadian government imposing sanctions on VSMPO and has obtained the necessary authorisation to secure Airbus operations in compliance with the applicable sanctions," Airbus Canada said in response to a Reuters query. It did not elaborate on the approvals or say how long they would remain in effect. The Canadian government did not respond to requests for comment. Imports of titanium from the aerospace industry's largest historical
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BA
Earnings
- 4/24/24 - Beat
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Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form PX14A6G
- 4/24/24 - Form PX14A6G
- BA's page on the SEC website