Irkut Corporation

JSC Irkut Corporation
Native name
 AК Корпорация «Иркут»
Subsidary, Joint Stock Company
Traded as MCX: IRKT
Industry Aerospace and Defense
Founded March 28, 1932
Headquarters Moscow, Russia
Key people
 Yuri Slyusar (President of the UAC)
Oleg Demchenko (President of the Irkut Corporation)[1]
Products see products
Components for the Airbus A320 family aircraft
Revenue Increase $ 1.623 billion[2] (2016)
Increase $ 121 million[2] (2016)
Increase $ 18.219 million
(IFRS)[2] (2016)
Total assets Increase$ 979.97 million[2] (2016)
Total equity Increase$ 795.38 million[2] (2016)
Number of employees
 Over 14,000[3]
Parent United Aircraft Corporation
Subsidiaries Yakovlev Design Bureau
Irkutsk Aviation Plant
BETA AIR
Website eng.irkut.com

The JSC Irkut Corporation (MCX: IRKT) (Russian: Иркут) is a Russian aircraft manufacturer[4], headquartered in the Aeroport District, Northern Administrative Okrug, Moscow,[5] and is best known as being the manufacturer of the Sukhoi Su-30 family of interceptor/ground-attack aircraft. The company was founded in 1932 in the Transbaykal region of the Soviet Union as the Irkutsk Aviation Plant (IAP). The Russian government merged Irkut with Mikoyan, Ilyushin, Sukhoi, Tupolev, and Yakovlev as a new company named United Aircraft Corporation.[6]

History

Soviet Era (1932 - 1993)

In March 28, 1932, the Irkutsk Aviation Plant (IAP) was established under order No. 181 by the Main Directorate of the USSR People’s Commissariat for Heavy Industry. In August 18, 1934, the form marking the completion of construction manufacturing plant for the new bureau was signed. The first aircraft manufactured by the IAP was the Tupolev I-14, which had its maiden flight in February 16, 1935. The IAP later started mass production of the Tupolev SB Bomber in the spring of 1936.[7]

Contemporary Era (1993 - present)

In December 27, 2002, the Irkutsk Aviation Production Association renamed themselves as the Irkut Corporation.

The Irkut Corporation became the first Russian defence firm to carry out an initial public offering in March 2004. It traded 23.3% of the corporation’s shares in the stock market. In the same year, the Irkut Corporation had integrated the Yakovlev Design Bureau into its corporate structure, making it a subsidiary. In December 20, the Irkut Corporation signed a contract with Airbus to produce components for the Airbus A320 family aircraft.

In 2006, the Russian government merged Irkut with Ilyushin, Mikoyan, Sukhoi, Tupolev and Yakovlev as a new company called United Aircraft Corporation.[8] Irkut has also entered into a joint venture with Indian military aircraft manufacturer HAL to manufacture the UAC/HAL Il-214, which will be designed by Ilyushin.[9]

In July 2007, the Irkut Corporation was selected as a head contractor for MC-21 short/mid range airliner program. The MC-21 would be the first aircraft the Irkut Corporation had designed. Production of the aircraft would start in 2014.

Organization

Products

Su-30MKM produced by Irkut

Manufactured Products

These products are designed by a different company while the Irkut Corporation and its branches are responsible to manufacture them.[10]

Aircraft Type Description Designer Maiden Flight Introduction
Sukhoi Su-30SM multirole fighter twinjet, twin-seat Sukhoi Design Bureau 1993 1993
Sukhoi Su-30MK multirole fighter twinjet, twin-seat Sukhoi Design Bureau September 21, 2012 2016

Designed Products

These products are designed by the Irkut Corporation and its branches.[10]

Aircraft Type Description Designer Maiden Flight Introduction
Yakovlev Yak-130 advanced trainer, light fighter twinjet, twin-seat Yakovlev Design Bureau April 25, 1996 February 19, 2010
Yakovlev Yak-152 trainer aircraft single-seat Yakovlev Design Bureau September 29, 2016 Planned for 2017
Irkut MC-21 Jet Airliner narrow-body, twinjet Irkut Corporation, Yakovlev Design Bureau May 28, 2017 2019, with Aeroflot (planned)

Corporate governance

Presidents

Vice Presidents

See also

Other manufacturing branches of the UAC:

References

  1. ↑ http://eng.irkut.com/about/leaders/
  2. 1 2 3 4 5 http://eng.irkut.com/finances/financial-reporting-acc-to-ifrs/ Financial Reporting acc. to IFRS
  3. ↑ http://eng.irkut.com/
  4. ↑ John Pike (18 September 2002). "entry". Globalsecurity.org. Retrieved 14 May 2011.
  5. ↑ "Contact Information." Irkut. Retrieved on 10 June 2016. "Corporate Centre address: bldg. 1, 68, Leningradsky prospect, Moscow, 125315, Russia" - Address in Russian: "Корпоративный Центр адрес: Россия, 125315, г. Москва, Ленинградский проспект, дом 68, стр. 1"
  6. ↑ "Russian Aircraft Industry Seeks Revival Through Merger." The New York Times. February 22, 2006.
  7. ↑ "History". eng.irkut.com. Retrieved 2017-08-08.
  8. ↑ "Russian Aircraft Industry Seeks Revival Through Merger". The New York Times. 22 February 2006. President Vladimir V. Putin signed a decree on Tuesday creating a huge aviation entity, combining the nation's six major aircraft design and manufacturing companies into a single holding with substantial state control.
  9. ↑ ""HAL in $700 million Joint Venture with Irkut Corp. for Multi-role Transport Aircraft". India-Defence.com, 27 December 2006.
  10. 1 2 "Products". eng.irkut.com. Retrieved 2017-08-05.
  11. ↑ "Management". eng.irkut.com. Retrieved 2017-08-05.
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