United Aircraft Corporation

PJSC VASO will receive 920.2 million rubles from the Russian federal budget for reconstruction and technical re-equipment of production for the Il-114-300 aircraft, with infrastructure to be commissioned in 2021.

Voronezh Aircraft Plant (VASO) announced plans to invest more than 910 million rubles in modernizing its production facilities to manufacture the new Il-112V light transport aircraft. The work is divided into four tenders and must be completed by mid-August 2020.

Russia's state-owned Rostec announced it will sell 75% minus one share in Technodinamika, a leading developer and manufacturer of components and systems for the MC-21 aircraft, including neutral gas, electrical power, oxygen and fire protection systems, and landing gear components.

Commercial Aircraft Corporation of China (COMAC) and Russia's United Aircraft Corp (UAC) formally registered a joint venture, China-Russia Commercial Aircraft International Corporation Ltd. (CRAIC), to develop and build a wide-body commercial aircraft. The venture will have a research centre in Moscow and assembly line in Shanghai, targeting maiden flight and first delivery in 2025-2028.

Comac and United Aircraft Corporation have established a joint venture, China-Russia Commercial Aircraft Corporation (CRAIC), to develop a Sino-Russian widebody aircraft with a planned investment of $13-20 billion.

United Aircraft Corporation (UAC) will restore production of the Ilyushin Il-114 regional turboprop aircraft at the MiG plant in Lukhovitsy, Russia. The program cost is estimated at 55 billion rubles ($917.3 million).

VSMPO-AVISMA intends to start titanium product processing joint ventures with United Aircraft Corporation (UAC) and Figeac Aero, located in the Titanium Valley Special Economic Zone in the Middle Urals. Total investment in the VSMPO – New Technologies facility is about 1.7-1.8 billion rubles, with first batch production scheduled for Q1 2018.