About the Company
Oboronprom Corporation
- Oboronprom Corporation is one of the largest Russian diversified industrial-investment groups in the engineering and high technologies sectors
- Oboronprom is listed as a strategic enterprise of Russia
- Russian Helicopters, Oboronprom’s helicopter manufacturing group, is the leading Russian designer and manufacturer of rotary-wing aircraft equipment
- Oboronprom is creating an engine building holding that will be the leading Russian industrial group producing engines for aircraft and gas compression stations
- Oboronitelnye Sistemy, a subsidiary of the Corporation, is the sole Russian producer of the unique Pechora-2M air defence missile system
- The enterprises of the Corporation produced goods and provided services worth over $1.5 billion in 2007
- Over 80 thousand people work for the Corporation’s enterprises from Moscow to the Far East
OBORONPROM United Industrial Corporation (OPK Oboronprom) was formed in 2002 as a closed joint-stock company on a parity basis with Rosoboronexport State Corporation and State Investment Corporation (Gosincor). After Gosincor liquidation in 2003, its share in the Corporation was transferred to the Federal Agency of Federal Property Management, and the Corporation was reorganized into an open joint-stock company.
The paid-up authorized capital of the OBORONPROM Corporation is RUB 4.304 bln.
Pursuant to Presedental decree the OBORONPROM Corporation was put in the list of Russian strategic enterprises.
Pursuant to Executive Order of the RF President the Corporation was also included into the list of enterprises entitled to foreign trade activity related to defence products, namely supply of spare parts, maintenance and repair of military equipment previously delivered.
Pursuant to the Decree of the President of the Russian Federation of November 29, 2004 and the Government resolution of May 6, 2005, the Corporation is the parent (management and holding) company of a helicopter group, with 51% interest in the Corporation held by the Federal authorities.
The Corporation holds a more then 75% stake in Oboronitelnye Sistemy (Defence Systems), the parent company and the core entity of International Financial Industrial Group Defence Systems.
The Corporation also holds a 56% interest in Oboronpromlizing (Oboronpromleasing).
The Board of Directors of the OBORONPROM Corporation is chaired by Sergey Chemezov, General Director of Russian Technologies State Corporation.
The General Director is Andrey Reus.
The Corporation's key areas of activity are as follows:
- participation in the defence industry restructuring;
- development of integration processes in the sector;
- streamlining the production, financial and economic relations among enterprises;
- attracting foreign investments for the sector's enterprises;
- consolidation of shareholdings in defence industry companies.
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