Translated by

Falcon, NAZ

Company

Stocks of public PJSC Nizhny Novgorod Aircraft Building Plant Sokol (PJSC NAZ Sokol) are entered as a contribution of the Russian Federation to authorized capital of PJSC OAK according to the Decree of the President of Russia of February 20, 2006 No. 140 "About United Aircraft Corporation open joint stock company. The remained shares were redeemed by PJSC United Aircraft Corporation (further – PJSC OAK) in accordance with the established procedure from non-state shareholders therefore PJSC OAK is owned by 99.91% of stocks of PJSC NAZ Sokol.

Owners:
United Aircraft Corporation (UAC)

Content

Revenue and profit of the company

RevenueProfit
20148 700 000---
20159 100 000---

Owners

Performance Indicators

2015

Proceeds from sales of products, goods and services in 2015 were 9.1 billion rubles that is 0.4 billion more, than in 2014. The share of main customers is the Russian Defense Ministry, PJSC OAK and JSC RAC MiG – made 87%. The main share in structure of a goods sold is occupied: repair and upgrade MiG-31, units of airplanes MiG-29K/KUB and M/Sq.m, service maintenance of earlier made aircraft equipment, production MiG-29 of UBM SMT.

According to the Federal target program of development of defense industry complex retrofitting and reconstruction of production was carried out to PJSC NAZ Sokol for the purpose of increase in production volumes and cost reduction. Within the FTP in 2015 investments into fixed assets for the amount of 3.1 billion rubles, including at the expense of budgetary funds – 2.9 billion rubles were made.

Number of staff of PJSC NAZ Sokol in 2015 grew by 6%. The average salary was 35,151 rubles. Expenses on funds of social development and a financial incentive made 44 million rubles.

In new, 2016, according to the plan, proceeds from sales of goods and services in the signed contracts should grow by 62%. Practically all made products will be supplied to domestic market. In addition to already available subjects the enterprise should master two new: the introduction in the program of resuming of production Tu-160 and production Il-114.

History

2015: The Government of the Russian Federation approved accession of PJSC NAZ Sokol to JSC RAC MiG

The Nizhny Novgorod aircraft factory "Sokol" will be included into JSC RAC MiG — This Solution Was Approved by the Government of the Russian Federation in December, 2015. at the Order Signed by the Prime Minister Dmitry Medvedev in Particular It Is Told: Soglasitsya s predlozheniyem Minpromtorg of Russia i publichnogo aktsionernogo obshchestva United Aircraft Corporation, approved with the Ministry of Economic Development of the Russian Federation, about conversion of stocks of public joint stock company "Nizhny Novgorod aircraft building plant "Sokol" (Nizhny Novgorod) in the stock of joint-stock company "MiG Russian aircraft corporation (Moscow), connected with reorganization of the specified joint-stock companies in the form of accession of public joint stock company "Nizhny Novgorod aircraft building plant "Sokol" to joint-stock company "MiG Russian aircraft corporation.


Accession of PJSC NAZ Sokol to JSC RAC MiG will provide centralization of management at accomplishment of programs and projects in the direction of fighting aircraft, will allow to reduce administrative and production costs due to consolidation of functions on logistics, economic providing, personnel management.