Saturday 22 January 2022

UAC shareholders approved the merger with Sukhoi Corporation and RAC MiG

Alexey (other)


Акционеры ОАК одобрили присоединение к корпорации "Сухого" и РСК "МиГ"

Moscow. January 20th. INTERFAX.RU - A meeting of shareholders of the United Aircraft Corporation approved the merger of the MiG and Sukhoi companies, UAC reported.

"To reorganize the United Aircraft Corporation PJSC in the form of joining the Sukhoi Aviation Holding Company JSC and the Russian Aircraft Corporation MiG JSC (RSK MiG JSC) to it," the decision of the shareholders says.

On November 30, the board of directors of the corporation decided to merge UAC, MiG and Sukhoi into one organization.

It is assumed that UAC, in addition to performing the functions of a corporate center, "will become an operating company, will directly manage production sites and design offices, implement aviation programs and develop advanced technology." The brands "Dry" and "MiG" and their design schools in the UAC promised to keep.

Simplification of the UAC corporate structure will make it possible to eliminate duplicative administrative functions and reduce the corporation's general business expenses.

The Sukhoi company mass-produces Su-35 fighters and Su-34 bombers in the interests of the Ministry of Defense, and also fulfills export contracts. In addition, Sukhoi is working on the Su-57 fifth-generation fighter, the Su-75 Checkmate light fighter, and the Okhotnik heavy attack drone.

According to the results of 2020, the company received revenue of 140 billion rubles (46% higher than in 2019) and net profit of 5.6 billion rubles (26% more than a year earlier), the UAC reported.

The MiG Corporation produces combat aircraft of the MiG-29 family for export deliveries and the MiG-35 light fighter for the Ministry of Defense (a contract for six aircraft was signed in 2018). The company is also modernizing the MiG-31 high-altitude fighter-interceptor, which became the first aircraft carrier of a hypersonic weapon - the Kinzhal missile.

In addition, at the site "MiG" LAZ them. Voronin in Lukhovitsy, the final assembly of the regional passenger aircraft Il-114 is being carried out.

According to UAC, in 2020 the company's revenue amounted to 70 billion rubles, exceeding the level of 2019 by 19%.


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