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Russian Helicopters recognized for transparency in procurement processes

Moscow - Russian Helicopters, a subsidiary of Oboronprom, part of Rostec State Corporation, has won a Leadership in Competitive Procurement (LCP) award recognizing the transparency of its corporate procurement processes.

“Transparency is an important principle for Russian Helicopters, and one that makes our procurement processes more efficient,” said Dmitry Mishutin, Director of the Procurement Department at Russian Helicopters.

“Russian Helicopters strives to act like a public company, meeting global standards and best practice and setting the standard for other market players. We are pleased that this award recognizes the efforts that the company has made to increase transparency, including in its procurement processes.”

The Leadership in Corporate Procurement awards are the most prestigious prizes recognising achievement by companies from across Russia and the CIS. The awards are handed out on an annual basis to companies and individuals that show leadership and set high standards in competitive procurement.

Russian Helicopters, JSC is a subsidiary of UIC Oboronprom, which in turn is a part of State Corporation Rostec. It is one of the global leaders in helicopter production and the only helicopter design and production powerhouse in Russia. Russian Helicopters is headquartered in Moscow. The company comprises five helicopter production facilities, two design bureaus, a spare parts production and repair facility, as well as an aftersale service branch responsible for maintenance and repair in Russia and all over the world. Its helicopters are popular among Russian ministries and state authorities (Ministry of Defence, Ministry of Internal Affairs, Emergency Control Ministry), operators (Gazpromavia, UTair), major Russian corporations. Over 8000 helicopters of Soviet/Russian make are operated in 110 countries worldwide. Traditionally the demand is highest in the Middle East, Africa, Asia-Pacific, Latin America, Russia, and CIS countries. Russian Helicopters was established in 2007. In 2012 its IFRS revenues increased 21% to RUB 125,7billion. Deliveries reached 290 helicopters.

UIC Oboronprom, JSC is a multi-profile industrial and investment group established in 2002. It is a part of Russian Technologies State Corporation. Its main tasks include: helicopter engineering (Russian Helicopters, JSC) and engine-building (United Engine Industry Corporation managing company).

Rostekhnologii State Corporation (Rostec) is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and civil purposes. Today it comprises over 663 companies, which form 8 military-industrial and 5 civil industry holdings. Rostec’s subsidiaries are located in 60 regions of Russia and supply their products to over 70 countries worldwide. In 2012 revenues of the Corporation amounted to RUB 931 billion, net profits were RUB 38.5 billion and total taxation exceeded RUB 109 billion.
 

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