November 22, 2014 9:20 PM ET

Aerospace and Defense

Company Overview of Open Joint Stock Company Russian Helicopters

Company Overview

Open Joint Stock Company Russian Helicopters produces and sells civil and military helicopters, and military missile systems in the Russian Federation and internationally. The company operates through three segments: Helicopters, Services and Support, and Research and Development. It also offers spare parts for helicopters, and helicopter repair and maintenance services. In addition, the company is involved in the provision of research and development works related to helicopter engineering and design. It offers helicopters under the Mi, Ka, and Ansat brands. The company is headquartered in Moscow, the Russian Federation. Open Joint Stock Company Russian Helicopters operates as a subsidiary ...

12 Krasnopresnenskaya naberezhnaya

Moscow,  123610

Russia

Key Executives for Open Joint Stock Company Russian Helicopters

Chief Executive Officer
Age: 53
Deputy Chief Executive Officer for Finance and Investments
Age: 33
Deputy Chief Executive Officer of Production
Age: 53
Deputy Chief Executive Officer of Russian Helicopters
Age: 61
Deputy Chief Executive Officer of Programmes & Projects
Age: 38
Compensation as of Fiscal Year 2014.

Open Joint Stock Company Russian Helicopters Key Developments

Russian Helicopters Launches Construction of New Assembly and Testing Facility at Reductor-PM Plant in Perm

Russian Helicopters has launched construction of a new assembly and testing facility at its Reductor-PM plant in Perm. Construction facilities are currently being put in place at the site, and preparatory ground works are under way. At the official ceremony a plaque was unveiled with the start and end dates of the construction, August 2014 and December 2016. This period will see an advanced 20,000 sq m production facility built to house Reductor-PM's assembly and testing plant. As well as increasing testing capacity, the new facility will significantly expand Reductor-PM's assembly plant, meaning that gearboxes and transmission units can be assembled to meet global best practices. Work is ongoing to upgrade the plant's machine tools for production of body parts and shaft machining. The company is also upgrading its electroplating facilities. Total investment in 2014-2016 will amount to more than RUB 3.5 billion.

Open Joint Stock Company Russian Helicopters Proposes Revised Charter

Open Joint Stock Company Russian Helicopters announced extraordinary general shareholders' meeting to be held On December 2, 2014, to consider the proposal To Approve the revised Charter.

Russian Helicopters, JSC Announces Unaudited Consolidated Financial Results for the Six Months Ended June 30, 2014

Russian Helicopters, JSC announced unaudited consolidated financial results for the six months ended June 30, 2014. For the period, the company’s revenue grew by 7.4% to RUB 69.2 billion. EBITDA surged 16.1% to RUB 13.7 billion. Profit totaled RUB 4.4 billion, up 44.7% year-on-year.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 30, 2014
Kamov Company
Private Placement
September 9, 2014
--
Private Placement
April 30, 2014
MIL Moscow Helicopter Plant, Joint-Stock Company
 

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