The Russian government will invest RUB1.2 trillion ($38.5 billion) to
develop its aircraft industry from 2013 to 2025. The industry will need a
total of RUB1.7 trillion; however, the rest of the money will be raised
through off-budget funding, Minister of Industry and Trade Denis
Manturov said.
In 2013 the budget investment will be RUB78.3 billion; in 2014, RUB107 billion; in 2015, RUB 123.5 billion. The government also plans to support the Irkut MC-21 project, the creation of PD-14 engine and several helicopters projects.
Aircraft industry revenue should more than triple by 2025. This year, manufacturers are expecting RUB579 billion in revenue.
In 2013 the budget investment will be RUB78.3 billion; in 2014, RUB107 billion; in 2015, RUB 123.5 billion. The government also plans to support the Irkut MC-21 project, the creation of PD-14 engine and several helicopters projects.
Aircraft industry revenue should more than triple by 2025. This year, manufacturers are expecting RUB579 billion in revenue.
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