Russian Helicopters showed strong production and financial growth in 2013
Russian Helicopters, December 30, 2013 - Moscow - In 2013, Russian Helicopters, a subsidiary of Oboronprom, part of State Corporation Rostec, produced 303 helicopters for Russian and international customers, with an anticipated consolidated profit in excess of 140 billion roubles*. Preliminary results were voiced at the Russian Helicopters board meeting which reviewed performance in the helicopter sector over the past year and outlined its main priorities for 2014.
“In 2013 Russian Helicopters continued to develop as a modern, highly efficient and dynamic Russian company,” Russian Helicopters CEO Alexander Mikheev said. “We completed the state defence order in full, supplied combat helicopters to export and produced dozens of batches of safe, reliable commercial helicopters for Russian and international customers.”
We continued to modernise production over the past year. Over 800 new pieces of machinery were installed in our facilities, and more than 100 events designed to make us more eco-friendly and improve safety were held. Implementing investment projects delivered significant results: retooling the processing, plating, and composite industries was concluded. Output per employee increased by 12.4% to 3.4 million roubles per staff member.
The portfolio of confirmed orders, as of 11 December 2013, stood at 772 helicopters worth over 370 billion roubles. Russian Helicopters’ order book is 100% full for 2014, 73% full for 2015 and 25% full for 2016.
Russian Helicopters’ priorities for the coming year have been set. Notably, the vector of work on major projects in the light, medium and heavy classes of helicopters has been defined. One of the key priorities for 2014 will be slashing the timeframe for bringing the new multi-role Ka-62, Mi-38, and Mi-171A2 helicopters to market. An agreement with the company AgustaWestland was signed, creating a new light helicopter with a weight of 2.5 tons, in a joint venture. Russian Helicopters and Turbomeca signed an agreement on opening service centres to support the commissioning of the Ka-226T and Ka-62, equipped with French engines.
In 2014, work on developments and the creation of new helicopter models will continue at the innovation cluster at the company’s National Helicopter Manufacturing Centre in the Moscow region town of Tomilino, where Russian Helicopters’ key intellectual assets, the Mil Moscow Helicopter Plant and Kamov Design Bureau, are based.
In servicing, Russian Helicopters will continue to follow its strategy of developing a global system for post-sales services, which will allow it to move to “full life-cycle” helicopter sales, ensuring helicopter sold receive top-notch support throughout their service life.
In terms of corporate development, Russian Helicopters will continue to optimise its management systems to ensure a smooth transfer from financial to operational management models. The main goal will be bringing to a close the restructuring and optimisation of the key production and specialised enterprises that have come together to form Russian Helicopters.
Russian Helicopters, JSC is a subsidiary of UIC Oboronprom, which in turn is a part of State Corporation Rostec. It is one of the global leaders in helicopter production and the only helicopter design and production powerhouse in Russia. Russian Helicopters is headquartered in Moscow. The company comprises five helicopter production facilities, two design bureaus, a spare parts production and repair facility, as well as an aftersale service branch responsible for maintenance and repair in Russia and all over the world. Its helicopters are popular among Russian ministries and state authorities (Ministry of Defence, Ministry of Internal Affairs, Emergency Control Ministry), operators (Gazpromavia, UTair), major Russian corporations. Over 8000 helicopters of Soviet/Russian make are operated in 110 countries worldwide. Traditionally the demand is highest in the Middle East, Africa, Asia-Pacific, Latin America, Russia, and CIS countries. Russian Helicopters was established in 2007. In 2012 its IFRS revenues increased 21% to RUB 125,7 billion. Deliveries reached 290 helicopters.
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