http://www.gateway2russia.com, Moscow: The Irkut aircraft corporation's current stock of orders provides for working at full rate of operation for at least eight years, Irkut's senior vice-president for corporate economy and finance, Sergey Tsivilev, said on Tuesday [21 September].
“The current stock of orders provides for the Irkut corporation facilities' work at full rate of operation for at least eight years,” Tsivilev told a news conference devoted to results of last fiscal year.
In response to a question from Interfax-Military News Agency, Irkut's president, Aleksey Fedorov, said the stock of orders amounts to over 4.5bn dollars.
“The licensing contract (production of 140 Su-30MKI multirole fighters at enterprises of India's HAL corporation – Interfax-AVN) and the completion of supplies of the third batch of Su-30MKI fighters to India account for the largest share in this stock of orders.
In addition, the stock of orders includes the Malaysian contract (the supplies of 18 Su-30MKM fighters to the Malaysian Air Force) and the contract for supplies of BE-200 amphibious planes,” Fedorov said. According to the Irkut president, the corporation's sales volume will surpass last year's 500m dollars and amount to about 700m dollars this year.
Having such a large stock of orders, the corporation is not going to rest on its laurels and will put more effort into promoting its products on the global market. Talks on the supplies of Su-30MK Flanker multirole fighters to several more countries are under way, and new contracts may be signed soon, Fedorov said.
Irkut is actively engaged in the implementation of the licensing contract with India, Fedorov went on. “The licensing contract's volume has reached hundreds of millions of dollars,” he said. According to its president, Irkut puts great faith in the promotion of the BE-200 amphibian. Talks are under way with several potential buyers of the plane, he said. One BE-200 is in experimental operation in Italy, where it is engaged in putting out forest fires. Irkut continues investing in promising projects, such as the Yak-130 training and combat plane, MTA multifunctional transport plane, new derivatives of the BE-200, and UAVs.
As to the corporation's main goals, Fedorov mentioned increasing the stock of orders, improving investment attractiveness, perfecting the management mechanism, and developing of a long-term dividend policy.
