Owais
SENIOR MEMBER
- Joined
- Oct 3, 2005
- Messages
- 4,512
- Reaction score
- 0
Russia To Deliver 12 Fighter Jets to India
AGENCE FRANCE-PRESSE
Mon, 19 Jun 2006, 00:04
Russiaââ¬â¢s Irkut jet maker is planning to deliver 12 Su-30MKI fighter jets to India this year and will start supplying Algeria and Malaysia from 2007 as production at the plant ramps up, the companyââ¬â¢s director said in an interview on June 15.
ââ¬ÂThe contract has already been agreed, its signature is expected in the next few months, and this year we plan to deliver 12 fighter jetsââ¬Â to India, Oleg Demchenko, director of the plant in Russiaââ¬â¢s Siberian region of Irkutsk told the Vedomosti business daily.
ââ¬ÂIn the first quarter of this year, five unassembled jets have already been deliveredââ¬Â to India, Demchenko said.
Irkut would also begin delivering jets to Algeria ââ¬Åfrom 2007,ââ¬Â he added.
Algeria agreed in March to buy up to $7.5 billion worth of Russian weaponry, including 28 Su-30 jets, Russian news agencies reported.
Also from 2007 ââ¬Åwe will deliver nine jets to Malaysia and we will supply the remaining six out of 18 fighter jets to Indiaââ¬Â to replace 18 jets exported to India in 1997 and 1999, he added.
ââ¬ÂWe are increasing production to 32 jets per year, while in Soviet times the factory made 28. Itââ¬â¢s a very tough production plan,ââ¬Â Demchenko continued.
Irkut had net profits of $84.8 million in 2005 ââ¬â up from $68.4 million in 2004 ââ¬â and factory executives estimate current orders have a total value of five billion dollars, Vedomosti reported.
European aircraft maker EADS has a 10 percent stake in irkut.
AGENCE FRANCE-PRESSE
Mon, 19 Jun 2006, 00:04
Russiaââ¬â¢s Irkut jet maker is planning to deliver 12 Su-30MKI fighter jets to India this year and will start supplying Algeria and Malaysia from 2007 as production at the plant ramps up, the companyââ¬â¢s director said in an interview on June 15.
ââ¬ÂThe contract has already been agreed, its signature is expected in the next few months, and this year we plan to deliver 12 fighter jetsââ¬Â to India, Oleg Demchenko, director of the plant in Russiaââ¬â¢s Siberian region of Irkutsk told the Vedomosti business daily.
ââ¬ÂIn the first quarter of this year, five unassembled jets have already been deliveredââ¬Â to India, Demchenko said.
Irkut would also begin delivering jets to Algeria ââ¬Åfrom 2007,ââ¬Â he added.
Algeria agreed in March to buy up to $7.5 billion worth of Russian weaponry, including 28 Su-30 jets, Russian news agencies reported.
Also from 2007 ââ¬Åwe will deliver nine jets to Malaysia and we will supply the remaining six out of 18 fighter jets to Indiaââ¬Â to replace 18 jets exported to India in 1997 and 1999, he added.
ââ¬ÂWe are increasing production to 32 jets per year, while in Soviet times the factory made 28. Itââ¬â¢s a very tough production plan,ââ¬Â Demchenko continued.
Irkut had net profits of $84.8 million in 2005 ââ¬â up from $68.4 million in 2004 ââ¬â and factory executives estimate current orders have a total value of five billion dollars, Vedomosti reported.
European aircraft maker EADS has a 10 percent stake in irkut.