03:58 GMT +320 September 2018
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    New helicopter holding to be set up in Russia

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    ZHUKOVSKY (Moscow region), August 18 (RIA Novosti) - Major Russian helicopter manufacturing companies will set up a new holding called Oboronprom United Industrial Corporation, the concern's director, Denis Manturov, said.

    "The creation of an integrated helicopter manufacturing corporation will allow forming modern industrial relations in the domestic helicopter manufacturing industry according to international standards," Manturov said. "A powerful holding can compete effectively on foreign markets and attract investments in new Russian helicopter projects."

    He also said Oboronprom comprised the Mil Moscow helicopter plant, the Ulan Ude aircraft building plant, the Kazan helicopter plant, the Rosvertol company and the Stupino engineering association.

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