United Aircraft Corporation
United Aircraft Corporation (UAC) is a Russian joint stock corporation based in Moscow. UAC is a majority state-owned (81.75%) aerospace conglomerate, incorporated in 2006 by the Russian Government to consolidate private and publicly-owned aerospace designers, manufacturers and maintenance companies under the UAC umbrella organisation. With interests in both civil and military aerospace, major companies under the UAC Group include Sukhoi, Irkut, Tupolev, Yakolev, Ilyushin, Beriev, MiG and AeroComposit design bureaus. UAC also includes component manufacturers such as KnAAPO, NAPO, VASO, Aviastar and TAVIA. Aircraft lessors Ilyushin Leasing and First Leasing Company are also part of UAC.
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It may not attract the same sort of attention as Le Bourget or Farnborough, but the MAKS International Aerospace Salon is the venue where Russia’s airlines, leasing companies and aircraft manufacturers hammer out the final details of major orders. The bi-annual event, which wrapped up at the end of Aug-2013, saw more than USD21 billion in orders and commitments made, a record for the show and a qualified success for the Russian aerospace industry.
Russia’s state-owned United Aircraft Corporation (UAC) and its subsidiaries recorded orders and commitment for more than USD12 billion. Agreements signed by UAC at MAKS 2013 covered orders for 178 aircraft, comprising 96 Sukhoi Superjet 100s and 82 Irkut MS-21 aircraft. Including other agreements signed at the airshow – mostly military – the orders boosted the value of the company’s backlog by 30%. Including letters of intent and provisional purchase agreements, UAC’s total order portfolio is now close to RUB1.5 trillion (USD44.8 billion).
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