Krasnodar FC beats Crvena Zvezda 3:2 in Europa League play-off first leg matchSport August 17, 22:45
Putin offers condolences to King of Spain over Barcelona attackRussian Politics & Diplomacy August 17, 22:37
Russia condemns terror attack in BarcelonaRussian Politics & Diplomacy August 17, 21:32
Russian lawmaker calls on Europe to join efforts in war on terrorRussian Politics & Diplomacy August 17, 21:03
Australia-born track cyclist Perkins says excited to become Russian citizenSport August 17, 20:04
Van rams into pedestrians in BarcelonaWorld August 17, 19:33
Moscow sees chance to improve Russia-US tiesRussian Politics & Diplomacy August 17, 18:47
Russian cosmonauts launch several nanosatellitesScience & Space August 17, 18:42
Deputy PM Mutko pledges to reinstate Russia’s membership with IAAF in nearest futureSport August 17, 18:22
MOSCOW, March 21. /TASS/. Russia’s Industry and Trade Ministry does not rule out a merger of the United Aircraft Corporation (UAC) and the state-owned hi-tech corporation Rostec in the future, Minister Denis Manturov said Tuesday.
"We do not rule out such decisions as there is such a trend and there is great synergy between Russian Helicopters and UAC, and each year it will become only greater due to optimization of production capacities," he said.
Earlier Chief Executive Officer of Rostec Sergey Chemezov said in an interview aired by the Rossiya-24 TV news channel that he considers it reasonable to make United Aircraft Corporation (UAC) part of Rostec in the future. He added that the state corporation provides 60-70% of components to UAC.
Later Deputy Prime Minister Dmitry Rogozin said he does not support the initiative and does not consider it a relevant issue. According to Rogozin, the United Aircraft Corporation is a separate entity, while Rostec is going through an important process of acquisition of Uralvagonzavod this year.
UAC, established in accordance with the Russian President’s decree of February 20, 2006, is engaged in the development, manufacture, sale, modernization, warranty and after-sale maintenance and repair of civilian and military aircraft. It comprises about 30 firms in the aircraft industry. The state holds 91% of shares in the corporation.