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UEC's geography



14.05.2013

UEC Board of Directors headed by Vladimir Artyakov, Rostech General Director

The Board of Directors of United Engine Corporation (UEC), part of the Rostech State Corporation, has chosen Vladimir Artyakov for its Chairman. In this post, he will be responsible for implementing UEC strategy to strengthen the Companyís position on the Russian market and bringing it into the top five world leaders in aviation engine building, as well as preparing for UECís IPO.

Dmitri Lelikov has been named Vladimir Artyakovís deputy. Mr. Lelikov was previously Head of UECís legal department. The UEC board also includes Vladislav Masalov, the Corporationís General Director, Alexander Kashirin, the Head of Rostechís department of strategic and innovative development, Igor Roy, the Head of Rostechís department of industrial assets, Pavel Osin, Oboronpromís First Deputy General Director, Alexander Mikheev, Rosoboronexportís Deputy General Director, Vasily Lapotko, Oboronpromís Deputy General Director , and Alexander Dynkin, the Director of the Russian Academy of Sciences Institute of the Global Economy and International Relations.

ďToday UEC holds practically all of the intellectual and production potential in the aviation engine building sector,Ē said Vladimir Artyakov. ďUECís special task is to create a modern, competitive corporation, making a wide range of named products. UEC aims to meet at least 70 % of the demands of the Russian market for gas turbine technology, and to develop exports by working on the markets in India, China, the Middle East, and CIS countries. In the revenue structure, 30 % belongs to the Russian Federation and CIS countries, and 70 % to the global market. Thanks to increasing production and its wide range of products, UEC plans to join the top five world leaders in this sector.Ē

In 2012, UEC companies filled state defense contracts worth a total of 26.4 billion rubles. The company expects its state defense contracts to increase by more than 10 % in 2013. The total turnover for all companies in the corporation in 2012 was 128.6 billion rubles. In 2016 the corporation is planning to break even. By 2020 it expects an increase in turnover to 200 billion rubles, and a growth in output per person to 4 million rubles.

UEC is one of the most important participants in the project to create the fifth-generation Russian fighter jet. This fighting machine will shape the future of Russian military aviation. It is extremely manouverable and can cruise at hyper-sonic speeds. This will be achieved with the new engine currently under production at UEC.

One of the most important tasks for the corporation is creating the fifth-generation PD-14 aviation engine for the MS-21 family of aircraft. Implementing the MS-21 project will allow Russian aviation companies to create fleets of Russian-made aircraft, and create a competitive alternative to the Boeing and Airbus airliners.

UEC products are highly in-demand on world markets, including with companies in the space industry. In April of this year was the first experimental flight of the American middle-class Antares rocket, intended to deliver freight to the International Space Station. The rocket is equipped with NK-33/AJ26 engines developed and manufactured by Kuznetsov, part of UEC.

At present more than 50 % of UECís output is exported. Sales of military engines predominate, with about 45 % of the total, and civilian engines account for 6 %. 19 % are gas turbine units for terrestrial application, and the rest are helicopter and rocket engines. According to the leading world marketing experts, the structure of the engine market will undergo changes by 2025, with more than a half of this segment being civil engine building. According to the corporationís plans, by 2025 this segment will make up 25 % of UECís sales.

Another important segment of UECís business is the manufacture of gas turbine technology for the countryís fuel and power industry and for small-scale generation. In 2012 UEC companies filled contracts worth a total of 16.5 billion rubles. The primary clients are Gazprom, and oil and gas companies in Russia and the CIS.

The corporation is actively developing cooperation with foreign companies. An example of successful partnership is the joint company formed by UEC, INTER RAO UES, and General Electrics, located in Rybinsk, which in the second quarter of 2014 will begin production of 77 mW capacity turbines.

Rostechnologies (Rostech) is a Russian corporation founded in 2007 to facilitate development, production, and export of high-tech industrial products for civil and military applications. Altogether the Corporation encompasses 663 organizations. The corporation includes 12 holdings in the military-industrial complex, and five in civilian industry. The corporation works in 60 constituent entities of the Russian Federation and supplies products to more than 70 countries around the world. Its 2011 net profit was 45.6 billion rubles, and it paid a total of 100 billion rubles in taxes at all levels.

United Engine Corporation is a wholly-owned subsidiary of OBORONPROM. More than 85 % of the leading companies specializing in the development, mass production, and aftersales servicing of gas turbine technology are integrated into UEC, as well as key companies in other selected fields. One of UECís priority directions is implementing comprehensive programs for developing companies by implementing new technologies that meet international standards.


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