Monthly Archives: August 2013

Cameroon Ink Mi-17 Helicopter Deal

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In a groundbreaking deal, Russia is to deliver Mi-17 military transport helicopters to Cameroon.

The deal was signed by Russia’s state-run arms exporter Rosoboronexport, which is part of Russian Technologies, and Cameroon’s Defense ministry at the MAKS-2013 International Air Space Show just outside Moscow.

“This is the first contract as part of military technology collaboration between Russia and Cameroon,” Rosoboronexport CEO Anatoly Isaikin said in a statement.

It was not immediately clear how many helicopters Russia will deliver under the contract, or when.

In his statement, Rosoboronexport’s CEO explicitly identified expanding exports to countries in Africa as a priority, and said it is seeking to renew ties with Botswana, Ghana, and Equatorial Guinea.

Power Machines Manufacture First Turbine for TPP Being under Construction in the Khabarovsk Territory

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Kaluga Turbine Works – member of the Power Machines Company – has manufactured and successfully tested the first 63 MW turbine for a thermal power plant being under construction in Sovetskaya Gavan (Khabarovsk Territory).

KTZ OJSC and NPO Elsib OJSC signed a contract to supply power equipment for the thermal power plant in Sovetskaya Gavan in 2011. Under the contract terms Kaluga Turbine Works is to design, manufacture, supply and provide installation supervision and commissioning of two T-63-13/0.25 steam turbines each having a capacity of 63 MW. The design of T-63-13 turbines is a new project for KTZ OJSC.

The machines manufactured for the thermal power plant in Sovetskaya Gavan will become basic ones in series production. They will be made to replace turbines with similar capacity and overaged turbines at power plants. The new turbine is more advanced and meets today’s requirements for all parameters.

India Signs $55M in Deals with Russia’s MiG Fighter Jet Maker

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Russia’s MiG fighter jet maker has signed two additional contracts with India worth a total $55 million.

They are part of a general contract with India’s air force.

Under the first, $43 million contract, a servicing center will be established in India for maintenance and repair of Zhuk-ME on-board radars, MiG representatives said.

The second, $12 million contract provides for the creation in India of a servicing center for modernized MiG-29UPG fighter jets.

Russia will deliver six MiG-29K Fulcrum “generation 4++” fighters to India this year as part of a 2010 contract for 29 planes worth $1.5 billion, MiG CEO Sergei Korotkov said at the MAKS-2013 international air and space show.

Work Begins on 6th Missile Boat for Caspian Flotilla

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Construction work has begun on a sixth attack missile boat for the Russian Navy’s Caspian Flotilla.

The Zelenodolsk shipyard, based in Russia’s Tatarstan Republic, is building the series of six missile boats under a 2010 contract with the Defense Ministry. All the boats are due to enter service with the Caspian fleet.

The first two missile corvettes – the Grad Sviyazhsk and the Uglich – were floated out on June 22 and August 22, respectively. Another three – the Veliky Ustyug, the Zelyony Dol and the Serpukhov – are under construction.

The sixth boat has been named the Vyshny Volochek, a shipyard official told RIA Novosti. He did not say when the ships would be completed or what the total construction costs would be.

JSC “UAC” Announces Unaudited Consolidated IFRS Statements for the First Half of 2013

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In the first half of 2013 Corporation showed a positive dynamics on many key indicators. Compared to 6 months of 2012 consolidated revenues in compliance with IFRS increased by 29% to 81,262 mln RUB. EBIT increased by 146% and resulted to 5,021 mln RUB. Net loss decreased by almost 2 times to -8,978 mln RUB.

The increase in consolidated revenue by 29 % compared to 6m 2012 is based mainly on growth in revenue earned on aircraft construction contracts (85%), revenue earned on R&D services (87%), revenue earned on modernization and overhaul services (112%). In the year 2012, the Corporation signed a number of contracts for the supply of Su-34, MiG-29K/KUB, Su-30SM, SSJ-100, which significantly influenced on the positive revenue growth for the 1st half of 2013. The increase in revenue with almost constant operating costs, in turn, influenced the reduction in the net loss by 44% compared to 6 months of 2012. Corporation’s net debt increased by 12.3 % compared to December 31, 2012 , due to the attraction of credit resources to fund programs preparing for batch production.

Russia Leads Multirole Fighter Jet Sales Market

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Russia is now the world’s leading exporter of new multirole fighter jets, a Moscow-based research center said.

Russia’s Center for the Analysis of the Global Arms Trade said, when calculated in volume terms, Russia was the market-leader for the supply of multirole fighter jets for 2009-2012, according to figures from Russia’s arms exporter Rosoboronexport.

In that four-year period, Russia supplied 224 new jets valued at about $9 billion.

The center said it expects Russia to maintain its leading position through 2016, based on predicted sales that include a potential deal with China for 24 Sukhoi Su-35 fighters (South China Morning Post reported a preliminary deal signed in December 2012), a new contract with Vietnam for 12 Su-30MK2s inked last week, and a possible deal with Syria for 24 MiG-29M/M2s.

Gas Engine Vehicles Win Popularity

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Gas engine KAMAZ and NEFAZ vehicles were presented at a meeting of the Board of Tatarstan’s Ministry of Transport and Road Building which was held in Kazan with the participation of Maksim Sokolov, Russia’s Minister of Transport.

The Board discussed the main development directions of the transport sector for the nearest five years. Lenar Safin, Head of Tatarstan’s Ministry of Transport, submitted several key projects in which Tatarstan will invest on the threshold of the 2018 FIFA World Cup. One of the directions is a mass conversion to CNG vehicles. Tatarstan’s Minister reminded that the program of development of the CNG market till 2030 had been approved with the support of JSC GAZPROM in Tatarstan that year. Under the program, it is planned to convert half of public transport, one third of municipal vehicles and the same share of construction vehicles to natural gas. Tatarstan has already obtained 262 buses for 932.6 million roubles, 655 million roubles of which is a subsidy of the federal center.

KAMAZ Doubles Warranty Period in Ukraine

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The company took a decision to double a warranty period of vehicles delivered to Ukraine: a two-year warranty from the manufacturer will be given to KAMAZ vehicles made in 2013, including the sold ones.

The lengthening of the warranty period of KAMAZ vehicles is one of important strategic steps to improve service for Ukrainian customers. It became possible due to installation of units and components by the world’s leading producers: Cummins engines, ZF gearboxes, Bosch fuel injection systems and others, and also some measures for assembly quality improvement. According to Rafail Gafeev, Director General of Foreign Trade Company KAMAZ, new terms of warranty are one of the key measures of KAMAZ’s strategy of service development in Ukraine in 2013. “This strategy will help strengthen positions of KAMAZ vehicles on the Ukrainian market,” the head of FTC noted. It should be recalled that the warranty period was one year or 75,000 km before.

Russian Helicopters Holding Company and Vertical de Aviacion Signed Contract for Delivery of 10 Helicopters

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Russian Helicopters Holding Company and Vertical de Aviacion (Columbia) signed a contract for delivery of 5 Mi-171A1 and 5 Ka-62 helicopters at MAKS-2013 airshow.

It is planned that Mi-171A1 helicopters will be operated by a Mexican subsidiary of Vertical de Aviacion. Ka-62 helicopters will be operated in Colombia on behalf of the oil industry. The deliveries of Mi-171A1s should be started in 2015, while the first Ka-62 will be delivered to the customer in 2016.

In addition, in the network of signed contracts Russian Helicopters and Vertical de Aviacion will be working in close cooperation on certification of Mi-171A1 and Ka-62 helicopters – in Mexico and Colombia respectively. The aviation authorities of Colombia successfully validated the Mi-171A1’s type certificate (issued by the Aviation Register of the Interstate Aviation Committee) in 2012. Vertical de Aviacion took an active part in the process.

Russian Warships Dock at Venezuelan Port for Visit

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A Russian naval task force, led by the Moskva missile cruiser, arrived Monday on a visit to the Venezuelan port of La Guaira.

The Moskva, the flagship of the Black Sea Fleet, is accompanied by Udaloy-class destroyer Vice Admiral Kulakov from the Northern Fleet and the Ivan Bubnov tanker.

During the visit, which will last until August 29, the crews of the Russian warships are expected to meet with their Venezuelan colleagues and bestow honors to former President Hugo Chavez, who died of cancer on March 5.

Before the visit to Venezuela, the naval task force stopped at the ports of Cuba and Nicaragua. After August 29, the warships are scheduled to visit Spain and Portugal.