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Engines - Aircraft | Issues - Political | Mergers & Acquisitions | Other Corporation | Russia

MiG Corp. Is Handed Klimov Engines

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MiG-29 (click to view full) 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.

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