Russia inks deals worth over $3.5 BILLION during MAKS 2021 Air Show
Major domestic aviation deals included the sale of Sukhoi Superjet 100 and IL-114-300 aircraft, as well as Mil helicopters. Other agreements included deliveries of unmanned aerial vehicles, engines, aviation electronics, radars, aircraft munitions, and armored and motor vehicles.
Russia’s state defense conglomerate, Rostec, announced agreements worth over $3 billion for the delivery of 161 aircraft, both military and civilian. State arms exporter Rosoboronexport alone signed 13 contracts totaling $1.2 billion during the event.Also on rt.com Russia’s Rostec inks over $3 billion in deals to supply 160+ aircraft at MAKS 2021 Air Show
MAKS has become Russia’s premier showcase of the latest developments in domestic aviation, both civilian and military. Nearly 500 products were presented to the public this year, including 50 newly developed aircraft models. Among the state-of-the-art developments unveiled at the show was Sukhoi’s new single-engine supersonic stealth fighter, Checkmate. Around 30,000 people came to see it live.
Russia also unveiled the new MC-21-310 medium-haul airliner, as well as a regional turboprop IL-114-300 and the Baikal light multipurpose aircraft. Russian Helicopters presented its upgraded Mi-171A3 choppers for operation on offshore oil platforms, new avionic equipment, and a new firefighting system. United Engine Corporation presented projects for shaft-turbine engines and a demo version of a new engine core.Also on rt.com Russia eliminating US dollar transactions in its foreign military deals – state arms exporter
Foreign aircraft producers were also given the opportunity to exhibit their products, including some never before seen in Russia. Among those were the wide-body long-haul Airbus A350-1000, medium-haul Airbus A220-300 and the turboprop Pilatus PC-12NGX.
A US company took part in the show for the first time. Cirrus aircraft manufacturer presented two aircraft.
Overall, a total of 831 companies from 56 countries took part in the event, both online and offline, the organizers said.
“The 15th MAKS 2021 aerospace show has exceeded the results of 2019 in terms of the number of contracts signed and the scale of the business program,” they stated. Russia’s previous MAKS 2019 air show brought the country around 250 billion rubles.
For more stories on economy & finance visit RT's business section