US’ Boeing to invest $27 bln in projects in Russia over next 30 yrs

MOSCOW, Aug 17 (PRIME) — U.S. aircraft manufacturer Boeing plans to invest about U.S. $27 billion in projects in Russia over the next 30 years, the companys Vice President for the Civil Aviation Marketing Department Randy Tinset told television channel Russia Today Wednesday.

Of the total investments, Boeing plans to direct $18 billion at titanium-production related projects, $5 billion to engineering projects, with the remaining funds allocated to other projects, Tinset said.

On Monday, Boeing increased its forecast for the demand for aircraft from Russia and other countries of the CIS by 12.5% to 1,080 units within the next 20 years. In monetary terms, the forecast was also boosted to $110 billion from the previous $90 billion, Boeing said at the time.


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