Irkut Corporation Declared Best Company of Russian Defense Industry

Quickgun Murugan

Regular Member
Oct 1, 2009
Irkut Corporation Declared Best Company of Russian Defense Industry

Irkut Corporation is declared the best company of a military-industrial establishment of a military-industrial establishment of Russia. «The Company of year 2009» award was handed over to the Irkut Corporation in a nomination «Mechanical engineering – Defense establishment» on December, 3rd, 2009 in the Columned hall of the House of unions.

The national award «Company of the year» is founded by "RosBusinessConsulting" group of companies. Representative council of experts annually awards enterprises that form a new shape of Russian business. The main purpose of the award is to highlight achievements of those Russian companies which combine the high profitability, steady position in the market and intensive development, carry out clear corporate policy, guided by the international standards of financial transparency and information openness. The «Company of the year» award is handed over since 2002 under the patronage of the Ministry of economic development and trade of the Russian Federation, and the winners of the award assume a status of the priority enterprise for realization of investment projects.

Irkut Corporation is the leading enterprise of Russia’s aerospace industry. The Corporation accounts for over 15 % of Russia’s defense export.

Following the results of 2009 company gained – 22 bln roubles, net profit – 1,8 bln roubles. By the end of the year gain growth is predicted at level of 15 % in comparison with 2008. Company’s order book amounts to 3.5 bln USD. Irkut’s key products are combat aircraft of Su-30MK-type. Deliveries of multirole fighters to Malaysia and Algeria were completed in 2009. Contracts with the Indian Air Force are successfully carried out.

First trainer-combat jets Yak-130 serially produced for Russian and Algerian Air Forces were brought up to the sky this year. Combat – trainer jets of the new generation were produced using digital technologies. Within the industrial cooperation program Irkut supplies components for Airbus airliners and prepares to convert passenger ?320 into freighters.

Corporation’s current priority is the development of the new-generation passenger airliner ?S-21, the basic perspective project of the aviation industry of Russia in a segment of civil aviation. As the head executor of this program Irkut Corporation has defined the basic participants of cooperation, successfully finishes works on outline designing of a new airliner.

On the 19th of November 2009 the Board of directors of UAC has made a decision to create a business unit « UAC – Commercial aircraft»on the basis of Irkut Corporation. Its structure will include leading Design Bureaus and plants of civil aircraft engineering of Russia. The vice-president of the Government of the Russian Federation, Chairman of board of directors U?C Sergey Ivanov has said: “Choosing Irkut as the centre of consolidation is a thought over and well-founded decision. This company has proved the ability to work in the conditions of market economy, to develop new projects, to master modern technologies”.

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