Ukroboronprom sets up Ukrainian Aircraft Corporation based on Antonov

Ukraine's major state-owned arms manufacturer Ukroboronprom has created the Ukrainian Aircraft Corporation within its structure, thereby combining all aircraft manufacturing enterprises of the country into a single cluster, according to the concern's press service.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

As noted, the State Enterprise Antonov will be the corporation's core enterprise. In addition, the corporation includes specialized research institutes, Novator state-owned enterprise, Kharkiv machine-building plant FED, Kharkiv Aggregate Design Bureau, and PJSC Plant Mayak.

Ukroboronprom says that the formation of this cluster is an advanced practice successfully implemented by worldwide aircraft giants, such as Boeing and Airbus. Ukrainian cluster will also be built according to the standard world scheme, and open to other enterprises of any form of ownership.

Read alsoUkrainian planes named among iconic aircraft of past 50 yrsCommenting on the decision, Ukroboronprom CEO Roman Romanov has stressed that the cluster will make the Ukrainian aviation industry a single powerful mechanism with a clear development coordination and provide an opportunity to integrate into the world market through the introduction of international standards of production and management. In addition, it will accelerate the process of import substitution and give a new impetus to scientific and technological development of the country as a whole.

Read alsoUkroboronprom starts supplying drones to Ukrainian army"We'll get a positive economic effect by combining together production facilities of corporation's members and reducing the management levels and duplicating services," Ukroboronprom's press service quoted Romanov.

According to Ukroboronprom, the cluster will introduce common mechanisms of planning mass production, create a single center of procurement of materials and components, unify product marketing and ensure sales.

Later, Antonov's press service said that former Antonov CEO Mykhaylo Gvozdov would become Head of Board of the Ukrainian Aircraft Corporation.

Read also1st Vice President of Antonov: The world has not yet produced anything better than Ruslan and MriyaUNIAN memo. State-run Ukroboronprom Concern was established in 2010 to ensure effective operations and management of state-owned business entities that develop, manufacture, sell, repair, modernize and scrap weapons, military and special equipment and ammunition, and participate in the military and technical cooperation. The Concern incorporates over a hundred enterprises of Ukraine's defense industry.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!