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Russian Helicopters inks deal to set up avionics JV with Rostec unit

May 22, 2014, 17:06 UTC+3 ST. PETERSBURG
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ST. PETERSBURG, May 22. /ITAR-TASS/. Russian Helicopters has signed an agreement to set up a joint venture with Radioelectronic Technologies to produce aviation electronics for helicopters, a representative for the company said Thursday following a signing ceremony at the St. Petersburg International Economic Forum.

Both of Russian Helicopters and Radioelectronic Technologies are the affiliates of state-owned industrial corporation Rostec.

The amount of investments in the joint venture was not disclosed.

Russian Helicopters and Radioelectronic Technologies are already cooperating in the creation of the Mi-171A2 helicopter model.

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