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Russian aircraft corporation expects to boost revenue

State-owned United Aircraft Corporation (UAC) is forecasting revenue growing to $26.6 billion by 2025

Photo ITAR-TASS/ Mikhail Klimentyev

Photo ITAR-TASS/ Mikhail Klimentyev

MOSCOW, October 31 (Itar-Tass) - State-owned United Aircraft Corporation (UAC) is forecasting revenue growing to $26.6 billion by 2025, chief executive Mikhail Pogosyan told a forum on innovation.

“UAC is now showing 18 percent annual revenue growth,” he said, predicting income of $11.5 billion in 2015 and $26.6 billion by 2025. Further growth for the corporation required a modified industrial model that would help increase labour capacity more than sevenfold and cut costs by 25 percent, he added.

Pogosyan said the company was now producing aircraft in three segments, namely civil, transport and military, and would adopt a division model by 2018 which meant 50, 20 and 25 percent for each type respectively. Special purpose aircraft would take the other five percent.

The new model would be based on multi-programme competence centres and specialisation centres, Pogosyan added. Innovative technologies developed in these centres would not be applied in one design bureau and on one programme but would be available for all corporation activities.

“By 2020 we intend to delegate 70 percent of labour intensity in development and assembly of aircraft to competence centres. The next step will be to provide free access to technologies and their exchange on the open market,” Pogosyan said.

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