Rostec has offered a 25% share of the share exchange of helicopter companies to the Italian company AgustaWestland, the company said in a statement.
The potential consolidation will result in the company becoming the largest helicopter manufacturer in the world.
Denis Manturov, Minister of Industry and Trade of the Russian Federation, noted as far back as February 2013 that the Ministry was considering the possibility of attracting a strategic partner for Russian Helicopters. According to the Minister, this possibility was considered along with IPO, and it would take a year and a half or two years to attract a strategic partner.
The Russian Helicopters holding company actively cooperates with AgustaWestland on the AW-139 helicopter, which could be seen at the HeliRussia-2014 International Helicopter Exhibition, as well as in the joint development of a light helicopter of up to 2.5 tons, the statement added. Rostec conducted negotiations with AgustaWestland about strategic partnership at the MAKS-2013 International Aviation and Space Salon.
The Russian Air Force will take delivery of new aircraft and anti-missile defense systems, as well as to stage large-scale drills by the end of 2014, a Russian Defense Ministrys Air Force spokesman announced on Monday.“By the end of the year, the Air Force is to procure planes, helicopters, modern radar stations… It is also being reequipped with high-end S-400 surface-to-air missiles and Pantsir-S short-range air defense systems,” said Colonel Igor Klimov
Russian Helicopters has delivered Mi-171Sh helicopters to the Kazakhstan Border Service under a contract signed by Rosoboronexport in 2012. One of the helicopters' main tasks will be securing Kazakhstan's state border
Russia could manufacture replacement helicopter engines at a St. Petersburg plant if Ukraines aircraft engine maker Motor Sich leaves a joint project, the head of the Rosoboronexport delegation at the HeliRussia 2014 expo said Wednesday
Russia on Tuesday carried out a successful test-launch of an intercontinental ballistic missile, according to various reports. Interfax and ITAR-TASS cited the defence ministry as saying a successful test of the RS-12M Topol ICBM had been carried out from Russia's Kapustin Yar rocket launch site near the Caspian Sea at 9:08 pm Moscow time (1708 GMT)
Russia is ready to continue deliveries for the Indian naval aviation, if it receives a request from the Indian side, the head of Russia Helicopters said on Tuesday. “As for the Vikramaditya aircraft carrier, this will undoubtedly be a decision by the Indian side
Rosoboronexport will present modern Russian weapons and military equipment, special equipment, equipage and body armor a the 10th International Exhibition of Special Forces (SOFEX-2014), to be held from 6 to 8 May 2014 in Amman (Jordan).“The Hashemite Kingdom of Jordan pays special attention to security problems, special units operations, their equipage and equipping with modern technical and combat means
Sozvezdie has developed set of communication devices which can endure immersion in water and provide high-quality transmission even with strong interference, according to Ria Novosti. Sozvezdie is a part of the state run Rostec and is based in Voronezh
The European Unions decision to impose sanctions against Russias Rostec will likely impact the number of projects its currently involved in with European defense firms. On-going projects include a venture with French company Turbomeca, which is part of the Safran group, for delivery of Ardiden 3G engines
EU sanctions against Russian defence enterprise Rostec could lead to a loss of US$1 billion in the short term. This is owing to the use of European components in Rostec products exported to third countries, a Rostec statement said detailing the impact of fresh economic sanctions imposed against Russia last week
Finmeccanica – AgustaWestland will exhibit eight helicopters from its commercial and military helicopters at Farnborough International Air Show. Military helicopters displayed will include a mock-up of the AW169M light intermediate class helicopter, the naval variant of the AW159, the brand new multi-role AW149 and an AW101 that will soon be delivered to the Italian Air Force
AgustaWestland and Havelsanare today announced the signing of a Memorandum of Understanding (MoU) to collaborate and jointly market and sell their complementary training products and capabilities. Sadik YAMAC, CEO of Havelsan, said, “Havelsan wishes to provide simulation and synthetic training systems, including information management solutions, in support of the various rotorcraft platforms purchased by the Turkish Government and International Defence and Government Customers
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