June 16, 2017

Viktor Kladov, Director for International Cooperation and Regional Policy of the State Corporation Rostec announced that companies from third countries might be involved in the development of the Russian-Chinese wide-body long-range aircraft at the IV Russian-Chinese Expo in Harbin, China.

“It is possible that the contractors for this aircraft will be selected on a tender basis in order to apply the latest equipment on it. Chinese partners will possibly like the third parties’ contribution, because they had worked with the third parties in their development of C919,” Mr. Kladov said.

The United Engine-Building Corporation, part of Rostec’s aviation cluster also participates in the program of joint development and production of a perspective engine for the Russian-Chinese wide-body long-haul aircraft. The start of the engine tests is scheduled for 2022, certification – for 2025.

The total budget of the program will be around $ 13 billion. In the basic configuration, the aircraft will be designed for 280 seats with a flight range of 12,000 km. The airliner will be assembled in Shanghai.

The project of creating a wide-body long-haul transport aircraft, along with the creation of an advanced heavy helicopter, is a key joint project of Russia and China in the aviation field.

Rostec State Corporation is a Russian corporation that was established in 2007 to facilitate the development, production and export of high-tech industrial products designed for civilian and military applications. The Corporation comprises over 700 organizations that are currently part of 11 holding companies operating in the military-industrial complex and 3 holding companies working in civilian industry, as well as 80 directly managed organizations. Rostec’s portfolio includes well-known brands such as AVTOVAZ, KAMAZ, Kalashnikov Concern, Russian Helicopters, VSMPO AVISMA, UralVagonZavod, etc. Rostec companies are located in 60 constituent entities of the Russian Federation and supply products to more than 70 countries. In 2016, the consolidated revenue of Rostec amounted to 1 trillion 266 billion rubles, while the consolidated net income and EBITDA amounted to 88 and 268 billion rubles respectively. In 2016, the average salary in the Corporation was 44,000 rubles. According to Rostec strategy, the main objective of the Corporation is to ensure that Russia has a technological advantage in highly competitive global markets. Rostec’s key objectives include the introduction of a new techno-economic paradigm and the digitalization of the Russian economy.