Russian helicopter sector to get big funding boost
Russia’s helicopter business received a boost with an announcement by the country’s vice premier, Sergey Ivanov, that production rates for both civil and m

Russia’s helicopter business received a boost with an announcement by the country’s vice premier, Sergey Ivanov, that production rates for both civil and military models should be increased. Next January, the government is due to issue draft plans that will call for almost $6.4 billion of fresh investment in the industry through 2015, with half of the sum to come from the private sector.

The government’s goal is for Russia to secure a 15-percent share of global helicopter sales. To achieve this ambitious target, the country’s manufacturers will have to deliver between 450 and 500 helicopters each year with a total value of up to
$17 billion. This is almost four times the volume of production in 2007, when the industry built just 120 helicopters.