United Engine Corp. increases production

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Russia’s United Engine Corporation (UEC) raised its production of aircraft engines for the defence ministry and other Russian power structures last year by 49%, RIA-Novosti reported on 15 June.

“In 2012-14, the production of new aircraft engines increased,” said company chief executive Vladislav Masalov, according to the publication. “The annual growth in 2013 was 35%. In 2014 it reached 49%.”

Repair projects, according to the head of the corporation, remain stable and account for about 40% of the total volume of the state defence order (GOZ).

“In monetary terms, the 2014 contracts for the supply of new engines totaled RUB37.2 billion [USD687 million] and those for repair RUB17.4 billion,” he added.

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