Subscribe free to our newsletters via your
. Farming News .




AEROSPACE
Russia investing in aircraft manufacturing
by Richard Tomkins
Moscow (UPI) May 19, 2013


disclaimer: image is for illustration purposes only

The Russian government is planning to promote the country's aircraft industry to become one of the world's top aircraft producers, The Moscow Times reports.

According to the newspaper, Russia's Ministry of Industry and Trade plans to invest $20.5 billion of state funds into the civil aviation industry through 2025 and to encourage another $7.9 billion in private investment.

More than 3,000 airplanes and 5,500 helicopters should roll off production lines between 2013 and 2025, said the ministry plan, which was unveiled late last week.

"The goal is to increase Russia's global market share of civil aircraft production to 3.2 percent in 2025 from 0.6 percent in 2011, the newspaper reported. "In the civil helicopter industry, the program seeks to elevate Russia's share over the period to 12 percent from just over 6 percent; in aircraft engines -- to 1.4 percent from 0.4 percent."

Russia will have to compete against established Western producers in order to meet those targets. The top three civil aircraft producers are currently France-based Airbus, U.S. Boeing and Canada's Bombardier but Russia intends to take one of the top three spots.

But while Russia expects to grab a larger share of the civilian aircraft market by 2025 it also expects it's a dip in its sales of fixed-wing military aircraft -- to just under 11 percent from 17 percent in 2011.

It also expects its 23 percent market share for military helicopters in 2011 to fall 16.5 percent in 2025.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AEROSPACE
Czechs sign agreement to fly Saab's Gripen fighter for another 12 years
Linkoping, Sweden (UPI) May 16, 2013
The Czech Republic is to continue leasing Saab Gripen fighter aircraft for a dozen years under a government-to-government agreement signed Friday, Saab said. The air force of the Czech Republic flies 14 Gripen C/D jets under a 2006 lease from Sweden, which expires next year. "With this agreement, the Czech Republic is taking a long-term strategic decision to continue operating Gr ... read more


AEROSPACE
Earth Science Applications Travelogue: Maury Estes

GOES-R Propulsion and System Modules Delivered

Experts demonstrate versatility of Sentinel-1

Kazakhstan's First Earth Observation Satellite to Orbit

AEROSPACE
British MoD works on 'quantum compass' technology to replace GPS

Iran to Host Russian Satellite Navigation Facility

Moscow to suspend American GPS sites on Russian territory from June

NASA Uses GPS to Find Sierra Water Weight

AEROSPACE
International standards reducing insect stowaways in wood packaging material

Emissions From Forests Influence Very First Stage of Cloud Formation

Emerald ash borers were in US long before first detection

China demand for luxury furniture 'decimating rosewood'

AEROSPACE
Growing Camelina and Safflower in the Pacific Northwest

Boeing, Embraer team for biofuel use

Ames Lab creates multifunctional nanoparticles for cheaper, cleaner biofuel

Plants' Oil-Desaturating Enzymes Pair Up to Channel Metabolites

AEROSPACE
TBEA SunOasis Set to Overtake First Solar as World's Largest Solar EPC Company

Chemists challenge conventional understanding of how photocatalysis works

Planting the 'SEEDS' of solar technology in the home

Main Street Breaks Ground on 5MW Solar Project in Virgin Islands

AEROSPACE
German energy company RWE Innogy starts turbine installation at mega wind project

Irish 'green paper' outlines transition to a low-carbon economy

U.S. moves closer to first-ever offshore wind farm

Offshore wind supported with U.S. federal funding

AEROSPACE
China consumes almost as much coal as the rest of world combined

China coal mine death toll rises to 20: report

Rescuers race to save 22 trapped coal miners in China: Xinhua

U.K. Coal may close two deep mines

AEROSPACE
China detains rights lawyer ahead of Tiananmen anniversary

'Thin Ice' director sees China's art-house scene breaking through

China youth suicides blamed on education system: study

China official had cash stash of $16 million: report




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.