Boeing to invest in Russian companies

U.S. company Boeing said on Friday it has decided to make its first $5 million investment under telecommunications projects in Russia. The investment will be made via the Mint Capital Ltd. venture, Boeing said in a release. Boeing believes the input will help Mint Capital to raise more capital and invest in industries that meet Boeing's technological standards, the release said, citing Boeing's vice president for Russia, Sergei Kravchenko. The release said Boeing is currently involved in a global search for new technologies, RBC anounces. According to the release, Boeing is also involved in wide-scale partnership with Information Business Systems, which is firmly positioned in the Russian information technology market. IBS has carried out six projects for Boeing Commercial Aviation Services this year.