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The board of directors of the Civil Engines Division approved the execution of its budget in the first quarter of 2014

Site news 11.06.2014

June 11, 2014, Rybinsk. - A meeting of the board of directors of United Engine Corporation’s Civil Engines Division was held under the chairmanship of its head, chief executive officer of NPO Saturn Ilya Fedorov with the participation of the CED deputy chair, chief executive officer of PMZ Sergey Popov, chief executive officer of Aviadvigatel Alexander Inozemtsev and other board members.
In the format of a video conference the members of the board located in Moscow (UEC), Rybinsk (NPO Saturn) and in Perm (Aviadvigatel and PMZ) discussed the preliminary results of a technical audit of UEC’s production sites and approved the quarterly report with regard to the fulfillment of the main KPI’s and the CED budget for 2014 (3 months).
As a reminder, the division (business unit) dubbed “Civil Engines Division” was established by the decree of the general director of UEC No. 239 dated 09.10.2012 integrating the following enterprises: NPO Saturn (OJSC), Aviadvigatel (OJSC), PMZ (OJSC), Metallist-PM (CJSC), Energetik-PM (OJSC), REMOS-PM (CJSC), Motoservis-PM (CJSC) and Zheleznodorozhnik-PM (CJSC).
The role of the integrator in the Civil Engines Division was given to NPO Saturn authorized to act as the sole executive body of the companies in the division.
The management function of the Civil Engines Division was given to Ilya Fedorov, UEC deputy CEO, chief executive officer of NPO Saturn.
 
The NPO Saturn Research and Production Association (OJSC) is an engine-building company specialized in the design and development, production and after-market support of gas turbine engines for military and civil aviation, naval ships and power-generating plants and gas-pumping units. The association is part of the Russian union of mechanical engineers all-Russian public organization whereby the regional branch is headed by I. N. Fedorov, NPO Saturn CEO.
NPO Saturn is part of United Engine Corporation (OJSC) and acts as the leader of the Civil Engines Division, a business unit of UEC founded on 09.10.2012 as a result of integration of the following companies: NPO Saturn (OJSC), Aviadvigatel (OJSC), PMZ (OJSC), Metallist-PM (CJSC), Energetik-PM (OJSC), REMOS-PM (CJSC), Motoservis-PM (CJSC) and Zheleznodorozhnik-PM (CJSC).
 
 
United Engine Corporation (OJSC) is a subsidiary of the OBORONPROM UIC (OJSC). The UEC structure integrates over 85% of Russia’s leading companies specialized in the design and development, serial production and after-market support of gas turbine machinery as well as the key enterprises - the industry’s integral players. One of UEC’s prioritized fields of activity is the implementation of comprehensive programs of development of the companies in the industry by introducing new technologies meeting the world-class standards.
 

The OBORONPROM United Industrial Corporation (OJSC) is a multi-field machine-building group created in 2002. It is part of Rostec. The main fields of activity are helicopter building (the Russian Helicopters holding), engine building (the UEC holding) and other assets.
 

The Rostekhnologii State Corporation (Rostec) is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and civil purposes. Today it comprises over 663 companies, which form 8 military-industrial and 5 civil industry holdings. Rostec’s subsidiaries are located in 60 regions of Russia and supply their products to over 70 countries worldwide. In 2012 revenues of the Corporation amounted to RUB 931 billion, net profits were RUB 38.5 billion and total taxation exceeded RUB 109 billion.
 

NPO Saturn press service
Phone: +7 4855 296898
E-mail: press@npo-saturn.ru,
www.npo-saturn.ru



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