A subsidiary bank of the Rostec state corporation has signed a number of agreements with the United Engine Corporation (UEC) for a total of 27.5 billion rubles. The signing took place during the International Military-Technical Forum «Army-2024». The documents were signed by the Chairman of the Board of NOVIKOM Elena Georgieva and the General Director of UEC Vadim Badekha.
The agreement concerns the organization of financing for UEC and its subsidiary, UEC-Ufa Engine-Building Production Association (UEC-UMPO). The bank will provide the corporation with funds to carry out current activities.
In general, the bank's support will facilitate the implementation of large-scale high-tech projects by the flagship of domestic engine manufacturing.
The United Engine Corporation is a long-standing reliable partner of NOVIKOM. Last year, at the Army forum, NOVIKOM and UEC signed an agreement on organizing advanced financing of the corporation and its enterprises, including within the framework of the implementation of a comprehensive program for the development of the Russian air transport industry until 2030.
“NOVIKOM is pleased to continue its cooperation with the leading engine manufacturer in Russia. UEC products are of paramount importance for many strategic projects on which the breakthrough development of the domestic industry depends. To implement the tasks facing our partners, we are ready to provide the maximum set of effective financial instruments,” said Elena Georgieva, Chairperson of the Board of Directors of NOVIKOM Bank and Curator of the Voronezh Regional Branch of Soyuzmash of Russia.
UEC specializes in the development, serial production and servicing of engines for aviation, space programs, as well as for the oil and gas industry and energy. The Ufa enterprise ODK-UMPO is the largest manufacturer of gas turbine engines in Russia.
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