Russian Helicopters

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Russian Helicopters, JSC
Joint-stock company
Industry Aerospace
Founded 2007; 10 years ago (2007)
Headquarters Moscow, Russia
Area served
Worldwide
Key people
Products Civilian and military Helicopters
Revenue $3.2 billion[3] (2016)
$610 million[3] (2016)
Profit $242 million[3] (2016)
Number of employees
46000
Parent Oboronprom
Divisions see structure
Website www.russianhelicopters.aero/en/

Russian Helicopters (Russian: Вертолеты России) is a helicopter design and manufacturing company headquartered in Moscow, Russia. The company designs and manufactures civilian and military helicopters. The company's principal shareholder is Oboronprom.[4] It is the world's 24th-largest defence contractor measured by 2012 defence revenues, and the second-largest based in Russia (after Almaz-Antey).[5]

History[edit]

The company attempted to stage an IPO on the London Stock Exchange in May 2011, but failed to fill the order book at the expected valuation of $2 billion.[6][7]

In 2011 Russian Helicopters and the Italian company Agustawestland agreed to establish helivert joint company in order to start production in Russia of the AW139 twin-engine multipurpose helicopter. The production plant is located in Tomilino, Moscow Region.

In 2016 the company delivered 189 aircraft to customers in 13 countries. In the same year, it ended a partnership with the Ukraine-based engine maker Motor Sich.[8]

In 2017 the Russian Direct Investment Fund (RDIF) formed a consortium comprising leading Middle Eastern funds and finalized a deal to acquire a minority stake in Russian Helicopters (part of the Rostec State Corporation). Russian Helicopters valuation was estimated at $2.35 billion. No details have been revealed about the identity of the Middle Eastern investors.[9]

The transaction consists of two stages. The first stage involves the sale of a 12% stake and an investment of $300 million, as well as an agreed-upon subsequent potential increase in investment to $600 million. The deal will increase the authorized capital of the holding company. This will accumulate a significant amount of funds within the Company. These funds are necessary for the implementation of the Company’s strategy and business plan, including the development of new types of helicopters. In addition, these funds will help implement the investment program of the holding company, as well as finance possible M&A activities aimed at increasing the holding’s value and finance capital programs.[10]

Products[edit]

Russian Helicopters' products include:

A fifth generation helicopter is currently under development.[11]

Structure[edit]

The following entities are part of the company:[12]

Designers
Manufacturers
Components
Joint ventures

See Also[edit]

Comparable major helicopter manufacturers:

References[edit]

  1. ^ "Management". Russian Нelicopters. 2017. Retrieved 25 January 2017. 
  2. ^ "Board of Directors". Russian Нelicopters. 2014. Retrieved 29 September 2014. 
  3. ^ a b c http://www.russianhelicopters.aero/en/press/news/Russian_Helicopters_reveal_financial_results_for_2016/.
  4. ^ "Russian Helicopters seeks $500 mln in IPO". Reuters. 12 April 2011. Retrieved 29 September 2014. 
  5. ^ "Defense News Top 100 for 2012". Defense News. Retrieved 22 July 2014. 
  6. ^ "Russian Helicopters postpones $500 million IPO-source". Reuters. 2011. Retrieved 18 August 2017. 
  7. ^ "Russian Helicopters postpones London IPO". Financial Times. Retrieved 18 August 2017. 
  8. ^ "Russian Helicopters deliveries slid 11% in 2016 - Russian aviation news". Russian Aviation Insider. 5 May 2017. Retrieved 22 June 2017. 
  9. ^ "International consortium buys 12% stake in Russian Helicopters - Russian aviation news". Russian Aviation Insider. 22 February 2017. Retrieved 22 June 2017. 
  10. ^ "Rostec :: News :: Rostec and RDIF attract leading international funds to invest in Russian Helicopters". rostec.ru. Retrieved 2017-03-14. 
  11. ^ Oleg Nekhai (17 May 2010). "Russia plans to develop fifth generation helicopter". Retrieved 29 September 2014. 
  12. ^ "Structure". Russianhelicopters.aero. Retrieved 6 May 2017. 

External links[edit]