The United Aircraft Corporation did not go beyond the military-industrial complex

Russian factories will continue to work for the army, the share of civilian orders they have is relatively small. At the same time, the profitability of military orders is very low.
Western sanctions have dramatically changed the development strategy of the United Aircraft Corporation (UAC). It will continue to increase the output of not very profitable military equipment, but plans in civil aircraft construction are very modest. In the next three years, two-thirds of investments in the amount of 403 billion rubles. will go to the segment of military and special operations. Experts consider this vision realistic, calling the growth of the share of civil products of the UAC "an increasingly distant perspective."

The consolidated revenue of the UAC (92.3% - at the Federal Property Management Agency, 4.4% - at VEB, 3.2% - private shareholders) in 2017 increased by 8%, up to 451 billion rubles, the draft annual report of the company said. The UAC itself associates this with an increase of 39% after-sales support, modernization of aircraft equipment, supplies of components. The project also indicates the net profit of the UAC in the amount of 195 million rubles, but they specified that the figure is not consolidated by the group. Until now, the corporation has not published statements for the year 2017, either under IFRS or under RAS because of the restrictions "imposed on the disclosure of certain information of some companies." In 2016, KLA received a loss under IFRS of 4.5 billion rubles. and RAS - 3.2 billion rubles., In 2015, losses were respectively 25 and 3 times higher.

Chairman of the Board of Directors of the UAC, the head of the Ministry of Industry and Trade Denis Manturov said in his draft report that if 2015-2016 were "a period of strategy development in the new geopolitical conditions", then in 2017 the corporation "gained a working pace" and began to implement the strategy. Its share in the world market in terms of the number of aircrafts delivered to customers in 2017, the UAC estimated at 22%.

In 2017, against the backdrop of a planned reduction in the state defense order, exports of military equipment increased: the UAC delivered 94 aircraft, bypassing Boeing Military Aircraft and the Lockheed Martin Corporation, but the gross proceeds to the car are "significantly different from foreign manufacturers" because of the pricing mechanism and the structure of contracts.
The report noted growth in revenue in the civilian segment (due to SSJ 100, Tu-214 and Tu-204-300) by more than 10%, to 75 billion rubles. But the net profit under RAS in 2017 in the amount of 3-4 billion rubles. First of all, the military structures of the UAC - Sukhoi, Irkut and RAC MiG, showed the civil segment mostly unprofitable, except for Ilya, OKB Yakovlev, Aerocomposite, EMZ im. VM Myasishchev and LII them. M. Gromov.

Against this background, it is not surprising that in the next three years of the total investment of 403 billion rubles. 75% will go to projects of "military, military transport and special aviation." In the military segment, we are talking primarily about a promising supersonic bomber on the basis of Tu-160, PAK FA, Su-35 and PAK DA. In the military transport aviation, the priority is "Project 476" and Il-112. The remaining 25% will receive civil aviation programs: 14% - the development of the MS-21 (PJSC "Irkut Corporation"), 1.9% - the modernization of the Il-114 (Ilyushin), 1.8% - the creation of the Russian-Chinese wide-bodied aircraft, 3.3% - Sukhoi Superjet (JSC "Sukhoi Civil Aircraft"). On the market share of the civil segment, restrained indicators are laid: in 2017 this is 1.8% (32 aircraft), by 2025 it is expected to 4.5%. But in the structure of the proceeds of civilian production a significant part is assigned - 40%. The UAC notes that this will be possible, including through the entry of the MS-21 market.

Expert of Aviation Explorer portal Vladimir Karnozov says that because of the continued strengthening of US sanctions against the Russian defense industry, the plans of the KLA will be forced to be corrected, and the increase in the share of civilian products in the portfolio becomes "an increasingly distant prospect." Although there is no direct ban on cooperation with Western companies on civilian projects, the corporation is included in the sanctions list, intensification of confrontation with the West leads to an increase in military production through the state defense order and military-technical cooperation, explains Mr. Karnozov. The conclusion of the MS-21 on the market lags behind the charts, and the SSJ 100 produces 30-40 planes per year against 70, according to plans five to seven years ago (there is no US permission to sell to Iran, etc.), the expert adds. The KLA in response only assured that the sanctions "do not have a significant impact on the financial situation" of the corporation.