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NPO Saturn PJSC summarized work undertaken in 2015

Site news 4.07.2016

Shareholders of NPO Saturn PJSC (a structural unit of United Engine Corporation, a Rostec State Corporation Company) summed up the results of the company activity in 2015. The general annual shareholders’ meeting held on Thursday, June 30, has approved the annual report and the accounting statement, elected the new Board of Directors and the Auditing Committee, and approved the Auditor of the Company.
In 2015, NPO Saturn PJSC provided significant gains in product output and sales compared to 2014 and increase in production as well. All the planned volumes set up by the budget have been fulfilled in full. This includes manufacture and shipment to customers of 608 new and repair engines (14,1 % growth relative to 2014). The product output comprised RUB 25,4 billion (41,0 % growth relative to 2014). In 2015 NPO Saturn revenues from sales rose by 33,1 % - up to RUB 24,0 billion. Working efficiency (revenue per employee) reached RUB 1, 973 million (30,2 % growth relative to 2014). At year-end 2015, the profit on sales comprised RUB 4,5 billion against losses from previous periods. The profit indicators in sales were influenced by structural changes of revenues and building a more balanced portfolio of orders and by a considerable volume of works carried out in recent years to enhance the operating efficiency of the company. The overall financial and economic performance of the company in 2015 is so far negative, but the company budget for 2016 provides for the net profit earning at the year-end.

In 2015 the company performed work within the scope of the programs: the SaM146 engine (integrated propulsion system for the regional aircraft of 70-120 passenger capacity), the D-30KU/KP (a family of turbofan engines for civil and dual application to power long-range passenger and transport aircraft), the AL-55 (bypass turbofan engine for jet trainers and light combat aircraft), small-size gas-turbine engines (GTE) for UAVs, GTEs for marine application, industrial gas turbines of 2,5-10 MW capacity and industrial gas turbines of high capacity – GTD-110.

In 2015, active work was going on within the scope of the Company production-and-technological development program in order to create new high-quality production, special production areas and test facilities. The equipment stock has been renewed; actions directed to productivity enhancement are under way. On the whole, in 2015, the company allocated around RUB 3,5 billion to this activity; in 2016, RUB 6,4 billion are planned to be allocated.

NPO Saturn PJSC has formed the fixed order portfolio up to 2020.

The Board of Directors of NPO Saturn PJSC includes:
Aleksandr Artyukhov, General Director of UEC JSC;
Mikhail Kazantsev, Project Manager, Functions of Regulatory Support and Corporate Management, Rostec State Corporation;
Vladimir Plenkin, Head of Department for Lending to State Sector Companies and Public Authorities of the Credit Department - Vice-president of JSC VTB Bank;
Segei Popov, Managing Director, UEC-Perm Motors JSC;
Dmitry Pospelov, Head of First Directorate, Customer Service, Government Defense Sector - Vice-president of JSC VTB Bank;
Anatoly Serdyukov, Industrial Director, Rostec State Corporation;
Ekaterina Chechikova, Head of Department, Legal Affairs and Corporate Management, JSC UEC

The Auditing Committee of NPO Saturn PJSC includes: Tatyana Dobryakova, Asiya Idrisova, Svetlana Lashkina, Vladimir Melnikov, Ekaterina Tarasova.

Scientific-Production Association Saturn (NPO Saturn) PJSC is an engine-manufacturing company specialized in the design and development, production and after-sales service of gas turbine engines for military and commercial aviation, for power generation and gas compression units as well as for ships and vessels. NPO Saturn PJSC is a part of United Engine Corporation (UEC) and is the leader of the Commercial Engines Division, a business unit of UEC.

United Engine Corporation (JSC) (a Rostec State Corporation company) is an integrated organization specialized in the design and development, serial production and after-sales service of engines for military and commercial aviation, space programs, the Navy as well as for the oil and gas industry and power generation. One of UEC’s prioritized fields of activity is the implementation of comprehensive programs of development of the industry’s companies by introducing new technologies meeting the world-class standards. In 2014 revenues of the corporation amounted to RUB 199,9 billion.

Rostec State Corporation is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and commercial application. The corporation comprises 663 companies, which form 9 defense-industrial and 6 civil industry holdings as well as 32 direct control companies. The Rostec portfolio spans such renowned brands as AVTOVAZ, KAMAZ, Russian Helicopters, VSMPO-AVISMA and others. Rostec’s subsidiaries are located in 60 regions of Russia and deliver their products to over 70 countries worldwide.


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