Russia’s RIA Novosti reports that state-owned jet maker RSK MiG now owns a 100% stake in Klimov, whose gas-turbine engines equip 95% of Russian helicopters, as well as the MiG-29/35 fighter; a Klimov engine was also intended to power the Pakistani JF-17. Novosti adds:
“President Vladimir Putin signed the corresponding resolution in line with plans to set up the United Aircraft Building Corporation (UABC), which will be a majority state-owned corporation consolidating aircraft building companies and state assets engaged in the manufacture, design and sale of military, non-military, transport and unmanned aircraft in a bid to streamline the aviation industry.”
In December 2005, “Russian Aircraft Industry Moving Toward the French Model?” offered additional insight into Russia’s complicated defense industry ownership structure and plans.