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UAC order book reaches USD25bn, targeting EUR7.5bn in revenue by 2015

19-Jun-2013 10:32 AM

United Aircraft Corporation (UAC) president Mikhail Pogosyan announced (18-Jun-2013) the Russian aviation conglomerate’s order book has reached EUR25 billion, doubling over the space of six years. UAC’s order book has reached more than 740 aircraft, with about one third formed by civil aircraft orders. UAC revenue has doubled between 2007 and 2012 to EUR4.5 billion. UAE's revenue target for 2015 is more than EUR7.5 billion. UAC expects to manufacture 40 civil aircraft and 70 military aircraft in 2013. By 2015, it expects production rates to increase to more than 200 aircraft per year. Mr Pogosyan also announced that UAC will continue to consolidate and streamline the companies brought together under its umbrella brand, with forthcoming consolidation seeing Tupolev and KAPO merging. [more - original PR]