Friday, March 28, 2014

Russia's United Aircraft Company Reforming Tupolev

Russia's Tupolev design bureau (OAO Tupolev) has affirmed its agreement to merge with the Kazan-based KAPO Gorbunov aircraft factory, parent holding United Aircraft Corporation (UAC) announced following an extraordinary general meeting on 24 March.

KAPO Gorbunov has been associated with Tupolev for decades and has produced the designer's Tu-22M3, Tu-95 and Tu-160 bombers. It has also been slated to produce the next-generation Russian bomber, the Tupolev designed PAK-DA, and manufactures aerostructure components in association with Aviastar-SP for the Ilyushin Il-76MD-90A.

The merger will also include an additional share issue by Tupolev of 15 billion shares with a nominal value of one ruble each, to be converted for shares in KAPO Gorbunov at a coefficient of 0.005455 for each Tupolev share.

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