Irkut Plows Fighter Earnings Into Fulfilling Its Airliner Ambitions With The MC-21 | Aviation International News

Irkut Plows Fighter Earnings Into Fulfilling Its Airliner Ambitions With The MC-21

By Vladimir Karnozov

July 8, 2012

Irkut is pursuing its ambition of capturing a 10-percent share in the world market for narrowbody airliners by funding its new MC-21 twinjet largely from funds earned from fighter sales. The Russian airframer now claims a 15-percent share of Russia’s overall military exports by value.

Since 1996, the Sukhoi Su-30MKI/MKM series of twin-seat multirole fighters have been Irkut’s main earner, with 294 deliveries so far. After the Russian defense ministry awarded orders for 55 Yak-130 lead-in fighter trainers and 30 Su-30SM strike fighters in November 2011 and March 2012, respectively, Irkut’s backlog rose to $7 billion. The company’s revenues in 2011 amounted to approximately $1.54 billion–almost twice as much as they were in 2006, and 5.3 percent greater than in 2010. Gross profits (before tax) were approximately $389 million and net profits reached $24.5 million.

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