Irkut Corporation

Irkut Corporation^[1] (MICEX:IRKT RTS:IRKT) is a Russian aircraft manufacturer,^[2] member of the United Aircraft Corporation. It is best known as being the manufacturer of the Sukhoi Su-30family of interceptor/ground-attack aircraft. The company was founded in 1932 in the Transbaykal region in the Russian Federation. Irkut has its head office in Aeroport District, Northern Administrative Okrug, Moscow.

Overview

Irkut produces Su-27 and Su-30 fighters and amphibious planes in the “Be” family. The company includes the Irkutsk Aviation Plant, Beriev Aircraft Company, Yakovlev Design Bureau, BETA AIR.^[1] The company plans to begin flight testing itsYak-130 trainer aircraft in 2009. It is also working on the design and series production of the MS-21 passenger jet.^[4] The company employs over 14,000 people.^[5]

Restructuring

The Russian government merged^[when?] Irkut with Ilyushin, Mikoyan, Sukhoi, Tupolev, and Yakovlev as a new company called United Aircraft Corporation.^[6] Irkut has also entered into a joint venture with Indian military aircraft manufacturer HALto manufacture the UAC/HAL Il-214, which will be designed by Ilyushin.^[7]

Revenue

In 2008, Irkut made a net result of the equivalent of US$34.8 million. The company’s revenue was of the equivalent of $US1.25 billion, 25% more than in 2007.

Source:http://en.wikipedia.org/wiki/Irkut_Corporation