Experience

Industrial Products Joint Venture

The Boeing Company

Chadbourne acted for The Boeing Company in its $60 million joint venture with Open Joint Stock Company "Corporation VSMPO-Avisma", the world's largest titanium producer, for the formation of a Russian joint stock company to undertake machining of titanium forgings that are manufactured by VSMPO for Boeing or Boeing's subcontractors located in Verkhnaya Salda, Sverdlovsk Region, Russia.  Titanium is a key component of the Boeing 787 and the titanium produced by the joint venture will be used in the jetliner production and assembly process.

Chadbourne is advising Boeing in all aspects of this joint venture including the establishment of the company and other related matters.  The Boeing 787 Dreamliner is the next generation jetliner being produced by Boeing. As of the end of June 2006, the company has received a total of 403 orders and commitments for the planes.  The Dreamliner is designed to use 20% less fuel than today's planes of comparable size.