Russian Helicopters and the Industrial Development and Renovation Organization of Iran sign memorandum of understanding
28.03.2017 / Moscow

Russian Helicopters, part of State Corporation Rostec, and the Industrial Development and Renovation Organization (IDRO) of Iran have announced new cooperation in potential JV to assemble Russian light civilian helicopters in Iran.

A memorandum of understanding was signed by Russian Helicopters CEO Andrey Boginsky and the chairman of the Board of Directors of IDRO Mansour Moazami.  The document is aimed at promoting cooperation between Russia and Iran as part of the program on upgrading the Iranian helicopter fleet. Russian Helicopters said it also intends to explore potential for cooperation with IDRO to develop business in the Middle East.

“We see that the demand for light helicopters is high in Iran, and the country needs them for civilian agencies. The joint venture between Russia and Iran would consider assembling light Ka-226 or Ansat helicopters.  Currently, negotiations on this issue are ongoing.  The memorandum signed today implies that a fully-fledged cooperation agreement will be reached as soon as possible,” said Boginsky.

Today, Iran has over 50 helicopters that were manufactured in Russia.  Iran’s demand for the Mi-17 helicopters is the highest.  The country uses almost the whole range of helicopters of this type:  Mi-17, Mi-171, Mi-171E, Mi-8MTV and Mi-17V-5s. These medium-class helicopters are used for law enforcement and to fight organized crime.  Just as in other countries of the region, Russian helicopters in Iran have become known primarily as undemanding and reliable machines that allow to perform tasks in high temperatures and at high altitudes.

Russian Helicopters, (part of State Corporation Rostec), is one of the global leaders in helicopter production and the only helicopter design and production powerhouse in Russia. Russian Helicopters was founded in 2007 and is headquartered in Moscow. The company comprises five helicopter production facilities, two design bureaus, a spare parts production and repair facility, as well as an aftersale service branch responsible for maintenance and repair in Russia and all over the world. Its helicopters are popular among Russian ministries and state authorities (Ministry of Defence, Ministry of Internal Affairs, Emergency Control Ministry), operators (Gazpromavia, UTair), major Russian corporations. In 2015 its IFRS revenues increased 29.5% to RUB 220.0 billion. Deliveries reached 212 helicopters.

State Corporation Rostec is a Russian corporation founded in 2007 for the purpose of promoting the development, production and export of hi-tech civilian and military industry products. It comprises 700 organisations, nine of which have now been formed as holding companies of the military-industrial complex, six of them are involved in civil industries and 32 are directly controlled. Rostec’s portfolio includes recognised brands such as Avtovaz, Kamaz, Kalashnikov Concern, Russian Helicopters, and VSMPO-AVISMA. Rostec’s organisations are located in 60 constituent entities of the Russian Federation and supply their products to the markets of more than 70 countries. The revenue of Rostec in 2015 amounted to RUB 1.140 trillion. Average salaries within the Corporation amounted to RUB 41 thousand and tax deductions into the treasuries at all levels exceeded RUB 160 billion. According to the new Rostec strategy, the new main goal of the Corporation is to facilitate technological advantage of Russia at highly competitive international markets. Planned volume of investments into development until 2025 is RUB 4.3 trillion.

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