Russian Helicopters and Stankoprom Sign Technological Development Agreement

Russian Helicopters, a subsidiary of Oboronprom, part of State Corporation Rostec, and Stankoprom, also part of Rostec, have signed an agreement to work together on developing the R&D and production potential of high-tech manufacturing for the Russian helicopter industry through 2016. The agreement was signed today at HeliRussia 2014 by Russian Helicopters Deputy CEO for Production Andrey Shibitov, and Stankoprom's General Director Sergey Makarov.

"Russian Helicopters has a comprehensive strategy to restructure and modernise the sector," said Russian Helicopters Deputy CEO for Production Andrey Shibitov. "Cooperation with key Russian partners boasting considerable high-tech expertise and sharing our values and vision of the industry's future is vital. I am confident that Stankoprom will become just such a partner."

"The agreement signed allows us to deliver comprehensive solutions to all aspects of the business related to technological re-tooling, from drafting technological processes to supplying equipment, including the construction and modernisation of production facilities. This agreement's main achievement will be to apply a 'one stop shop' solution to this re-tooling," said Stankoprom's General Director Sergey Makarov. "I am confident that by working together we can achieve significant progress in transitioning the industry to an innovative development path by raising the quality and competitiveness of our products and the high-tech manufacturing environment."

The agreement covers close cooperation on three key areas: technology, production technology, and design work. These areas also involve work and services such as an audit of the current and technological processes used in helicopter production and those to be adopted in future, developing proposals for the technological equipment of production, supply of Russian equipment and full-life-cycle service, setting technical design goals, and developing project documentation.

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 2013 its IFRS revenues increased 10% to RUB 138.3 billion. Deliveries reached 275 helicopters.

UIC Oboronprom, JSC is a multi-profile industrial and investment group established in 2002. It is a part of Russian Technologies State Corporation. Its main tasks include: helicopter engineering (Russian Helicopters, JSC) and engine-building (United Engine Industry Corporation managing company).

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.