United Aircraft Building Corporation
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| United Aircraft Building Corporation | |
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| Type | Public (To be available from late 2007) |
|---|---|
| Founded | February, 2006 |
| Headquarters | Moscow, Russia |
| Key people | Sergei Ivanov (Chairman); Alexei Fyodorov (Director-General) |
| Industry | Aerospace and defense |
| Products | Military aircraft Civil airliners |
| Employees | TBA |
United Aircraft Building Corporation (UABC), in Russian : Объединённая авиастроительная корпорация), is a Russian state-owned corporation that consolidates aircraft construction companies and state assets engaged in the manufacture, design and sale of military, non-military, transport, and unmanned aircraft. The Corporation will merge all the aircraft construction companies including the Irkut, Mikoyan, Sukhoi, Ilyushin and Tupolev companies.
UABC was created in February 2006 by Russian President Vladimir Putin. The next step will occur at the end of 2006, when the second largest (and state-owned) Russian bank Vneshtorgbank will transfer to Irkut the 5% share in EADS it bought in the summer. EADS already owns 10% of Irkut.
The merge will be finished in the first quarter of 2007 and its share will be public at stock exchanges late in 2007 and early in 2008. The state will retain least 75% of the shares. UABC's newly appointed Chairman Sergei Ivanov, who is also the Russian Deputy Prime Minister and Defence Minister, announced that foreign investors would not be admitted to the military sector of the UABC, but such investment will be encouraged in the UABC's civil and transport sector.
It will be the largest conglomerate in Russia ever, encompassing Irkut, Mikoyan, Sukhoi, Ilyushin, Tupolev, and Yakovlev. By comparison, in the old USSR, by 1953, there were 25 aircraft design bureaus (see OKB) with experimental and serial production plants.
UABC will realize seven projects proposed by the Russian aircraft industry for instance the Sukhoi Superjet 100 (formerly the Russian Regional Jet) and a medium-range plane, MS-21 (by Irkut, Ilyushin and Tupolev).
[edit] Company Structure
The Russian defence minister Sergei Ivanov has been apponted the chairman of the board of the company and Alexei Fyodorov, former head of MiG Corporation and co-owner of the Irkut, was appointed the director-general of the Corporation.
[edit] Web Link
- Johnson's Russia List
- Russian defense minister to chair united aircraft corp. board
- "Aircraft construction corp. to be formed by April - Russian minister
- Russia's United Aircraft Building Corp. to be registered in Sept.
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