Russian Helicopters Conclude the First Export Contract for the Supply of Mi-171A2

Within the framework of the international exhibition Dubai Airshow 2017, Russian Helicopters (part of State Corporation Rostec) concluded the first export contract for the supply of medium multirole civil helicopter Mi-171A2 with the Indian company Vectra Group.

In accordance with provisions of this agreement, Mi-171A2 will be delivered to the customer in 2018. Moreover, the contract providesfor an option for purchasing of one more helicopter.

"A wide range of potential customers from all over the world are keeping a close eye on the development of this project and I'm sure  that certification and successful operation of Mi-171A2 in India will allow them to translate their interest into new contracts," said CEO of Russian Helicopters AndreyBoginsky after signing of the contract.

The multirole helicopter Mi-171A2 is a result of in-depth modernization of helicopters from the world-famous Mi-8/M-17 series. There are about 80 modifications in the Mi-171A2 design as compared to the baseline model. The helicopter is equipped with the VK-2500PS-03 engines with the digital control system. It also has a power unit with the increased capacity and, therefore, strengthened transmission.

Due to the digital navigation system with data indication on displays, the helicopter can be operated by a crew consisting of only two men. Introduction of equipment for diagnostics and monitoring of essential systems status as a part of airborne avionics has increased the helicopter reliability and made it possible to reduce maintenance time. The Mi-171A2 has a more effective X-type antitorque rotor and a new main rotor with all-composite blades with the improved airframe configuration.

Russian Helicopters JSC (part of Rostec State Corporation), is one of the world leaders in helicopter industry, the only developer and manufacturer of helicopters in Russia. The holding company was established in 2007. The head office is located in Moscow. The holding company is comprised of five helicopter plants, two design bureaus, enterprises for production and maintenance of components, aircraft repair plants and a service company providing after-sales support in Russia and abroad. Among the buyers of the holding company's products are Defense Ministry of Russia, Ministry of Internal Affairs of Russia, EMERCOM of Russia, and other state customers, Gazprom Avia and UTair airlines, as well as major Russian and foreign companies. In 2016, the revenue of Russian Helicopters under IFRS amounted to RUB 214.3 billion, its shipments totaled to 189 helicopters.

Rostec Corporation is a Russian corporation that was established in 2007 to facilitate the development, production and export of high-tech industrial products designed for civilian and military applications. The Corporation comprises over 700 organizations that are currently part of eleven holding companies operating in the military-industrial complex and three holding companies working in civilian industry, as well as over 80 directly managed organizations. Rostec's portfolio includes well-known brands such as AVTOVAZ, KAMAZ, Concern Kalashnikov, Russian Helicopters, VSMPO AVISMA, UralVagonZavod, etc. Rostec companies are located in 60 constituent entities of the Russian Federation and supply products to the markets of more than 70 countries. In 2016 the consolidated revenue of Rostec reached RUB 1 trillion 266 billion, while the consolidated net income and EBITDA amounted to RUB 88 and 268 billion respectively. In 2016 the average salary in the Corporation was RUB 44,000. According to Rostec's strategy, the main objective of the Corporation is to ensure that Russia has a technological advantage in highly competitive global markets. Rostec's key objectives include the introduction of a new techno-economic paradigm and digitalization of Russian economy.