Russia and China Boosting Cooperation in Aircraft Production
Russia’s Rostec Corporation and the Chinese industrial aviation corporation AVIC have concluded an agreement on strategic cooperation, which will significantly increase interaction between the two companies. The parties plan to consider the possibilities of implementing joint projects in the production of planes, helicopters, engines, aircraft materials, avionics, and similar products.
“Developing interaction with Chinese partners is part of our strategic plan for international cooperation. We highly appreciate cooperation with AVIC, which will impact key industries for which Rostec Corporation has all the necessary competencies, such as the spheres of helicopter and engine construction, as well as the manufacturing of aircraft materials, avionics, and other onboard equipment. Cooperation with AVIC allows our corporation to implement new projects that will also highlight the potential of Russian scientists and engineers,” Rostec Deputy CEO Nikolay Volobuev stated.