Russian Helicopters Wins Company of the Year Award

Russian Helicopters, a subsidiary of Oboronprom, part of State Corporation Rostec and a leading global designer and manufacturer of helicopters, has been named Company of the Year 2013 among aviation manufacturers, one of the most prestigious Russian business awards.

Russian Helicopters was cited as a successful company that has made a noticeable contribution to strengthening a high-tech and strategically important sector of the Russian economy. CEO Alexander Mikheev received the award at a ceremony on 11 December in Moscow's Lotte Hotel.

"This award recognises the progress that Russian Helicopters has made in consolidating Russia's helicopter sector, and is just reward for the efforts of all of our designers, engineers and workers, past and present" Alexander Mikheev said. "The synergies that Russian helicopter firms have achieved by working together in 2013 form a solid platform for future growth as we reach new heights in our research, development and production."

Russian Helicopters is a leading global designer and manufacturer of helicopters, producing some of the world's most popular and iconic commercial and military models. In 2013 the Company made a significant contribution to Russian industrial production as a standard-bearer for the country's aviation industries. Since being established in 2007, Russian Helicopters has almost tripled annual deliveries to 290 helicopters (2012).

Russian Helicopters has had another strong year in 2013, with deliveries set to reach about 300 helicopters of various classes and designations. The company reported EBITDA for the first half of the year of RUB 11.8 billion, up 29.3% year-on-year, and a firm order book of 870 helicopters with a total list value of about RUB 384 billion. As a result Russian Helicopters has increased its share of the global helicopter market to more than 14% in value terms.

The company presented some of its latest models to the global market during 2013, including the first prototypes of the multirole commercial Mi-171A2 and Ka-62. A prototype of the new transport and passenger helicopter Mi-38 fitted with Russian engines was also unveiled.

The Company of the Year awards highlight the achievements of fast-growing, dynamic Russian companies. The jury includes sector experts, public figures, high-profile politicians and business people. Russian Helicopters' success is recognition of the company's success in delivering on a strategy focused creating a competitive, modern and dynamic Russian helicopter industry.

Russian Helicopters, JSC is a subsidiary of UIC Oboronprom, which in turn is a part of State Corporation Rostec. It is one of the global leaders in helicopter production and the only helicopter design and production powerhouse in Russia. Russian Helicopters is headquartered in Moscow. The company comprises five helicopter production facilities, two design bureaus, a spare parts production and repair facility, as well as an aftersale service branch responsible for maintenance and repair in Russia and all over the world. Its helicopters are popular among Russian ministries and state authorities (Ministry of Defence, Ministry of Internal Affairs, Emergency Control Ministry), operators (Gazpromavia, UTair), major Russian corporations. Over 8000 helicopters of Soviet/Russian make are operated in 110 countries worldwide. Traditionally the demand is highest in the Middle East, Africa, Asia-Pacific, Latin America, Russia, and CIS countries. Russian Helicopters was established in 2007. In 2012 its IFRS revenues increased 21% to RUB 125,7billion. Deliveries reached 290 helicopters.

OBORONPROM Corporation is a multi-profile industrial and investment group, a part of Russian Technologies State Corporation. Its main tasks include: helicopter engineering (Russian Helicopters) and engine-building (United Engine Corporation).

Rostekhnologii State Corporation (Rostec) is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and civil purposes. Today it comprises over 663 companies, which form 8 military-industrial and 5 civil industry holdings. Rostec's subsidiaries are located in 60 regions of Russia and supply their products to over 70 countries worldwide. In 2012 revenues of the Corporation amounted to RUB 931 billion, net profits were RUB 38.5 billion and total taxation exceeded RUB 109 billion.

 

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