Rostec State Corporation (Rostec) will unite United Aircraft Corporation (UAC) UAC, Sukhoi and MiG companies into a single corporate aircraft manufacturing center, which will consolidate the management of aircraft programs and other UAC assets.
The UAC Corporate Aircraft Center, where Sukhoi and MiG will join, will consolidate the functions of managing aircraft programs, and will also become the managing organization for Tupolev, Ilyushin and the Irkut corporation as well, a Rostec release said.
The engineering and design functions of the group will be separated into a separate center, which will be located in Moscow – it will include all aviation design bureaus.
The decisions were announced by the General Director of the State Corporation Rostec Sergey Chemezov yesterday at a meeting with the UAC management and its leading engineering centers, where the tasks of the development of the aircraft industry for the coming years were discussed.
The objectives of the transformations are to increase the economic sustainability of the UAC Group, optimize the administrative and managerial staff, and reduce non-production costs and debt burden. To control the ongoing transformations, the head of Rostec, Sergei Chemezov, will head the UAC board of directors.