Russia's United Aircraft Corporation (UAC) will invest $300 million on upgrading its aircraft factories and construction of new plants to produce the MS-21 airliner by 2014, UAC President Alexei Fyodorov said on Tuesday.
"Technical upgrade to produce the MS-21 is being done now at the Irkutsk aircraft factory, which produces military aircraft. Moreover, we plan to build factories from scratch in the city of Ulyanovsk in the Volga region to produce wings and composite materials, and in Kazan to make attached components," Fyodorov told an economic forum.
MS-21s will be assembled by the Irkut company, a UAC subsidiary. The company has orders for 128 aircraft, including firm contracts with Malaysia to supply it with 50 MS-21s.
IRKUTSK, Russia, September 7 (RIA Novosti)
