Russian Helicopters, which designs and manufactures civil and military rotorcraft, and Ukraine's Motor Sich engine-building firm have signed a $1.2 billion contract on the supply of Ukrainian engines for Russian commercial helicopters, Motor Sich head Vyacheslav Boguslayev said on Sunday.
"We have for the first time signed a contract worth $1.2 billion for a period of five years. Neither we nor our Russian colleagues will be able to quit this contract under any scenario as it stipulates all legal consequences. On our part, we guarantee a qualitative fulfillment of this contract and on time," he said.
The contract was signed in Dubai at a major airshow in the Middle East, which started on Sunday.
The Dubai Airshow will be held on November 13-17 in the United Arab Emirates. The Airport Expo complex in Dubai is expected to host about 1,000 exhibitors from 50 countries, which will showcase their products to more than 55,000 guests and visitors. Russia will demonstrate its most advanced combat aircraft and air defense systems at the airshow.
The contract will also help Russia and Ukraine develop commercial helicopter-building in the next five years according to plan, Boguslayev said.
"Engines will not be supplied under a state defense order. This contract is commercial. We'll supply 250-270 engines a year during five years," he said.