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Introduction
PJSC UAC was established in accordance with RF Presidential Decree No. 140 dated February 20, 2006 "On Joint-Stock Company United Aircraft Corporation" for the protection and development of the scientific and industrial potential of the Russian aircraft industry, the security and defense of the state, and the concentration of intellectual, industrial, and financial resources to implement long-term aviation programs.
At present, UAC encompasses about 30 enterprises and is one of the largest players on the global aviation market. Companies within the structure of the Corporation hold rights to such world-famous brands as "Sukhoi," "MiG," "IL," "Tu," "Yak," "Beriev," as well as the new SSJ 100 and MS-21 brands.
Priority activity areas of the Corporation are the design, production, testing, operation, warranty and service maintenance of aircraft for civil and military purposes. UAC companies work in the spheres of the modernization, repair and disposal of aircraft, as well as the training and qualification-upgrading of flight crews.
To date, the largest share in the production structure consists of military products both for the RF Ministry of Defense and foreign customers. From 2013 onwards, the bulk of military-equipment deliveries are bound for the domestic market.
In 2013, nine aircraft repair plants of the RF Ministry of Defense were transferred to UAC. As a result, in 2014, the serviceability of the RF Air Force fleet increased from 40% to 65%.
UAC seeks to increase the proportion of civil aviation in its sales structure, primarily by ramping-up SSJ100 serial production and launching the production of its prospective MS-21aircraft family. A significant backlog of orders for both these products ensures uninterrupted utilization of UAC’s production capacities in the mid-term.
The Corporation’s assets are located in various regions of Russia, and there are joint ventures with foreign partners operating in India and Italy. In total, UAC’s enterprises employ more than 98,000 people.
According to UAC’s long-term development strategy through 2025, it is planned to quadruple revenue to RUB 900 bln, reaching a sales-profitability level in terms of net profit of no less than 10%.
UAC’s priorities include the top-quality, timely execution of contracts under State Defense Order, development of effective, full-scope international cooperation with foreign aviation companies, as well as formation of technology advancements for the promotion of domestic products on the world market.
In April 2015, the Company changed its full name to Public Joint-Stock Company "United Aircraft Corporation" (PJSC UAC).
[ Detailed introduction]
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