MiG and Sukhoi design bureaus will unite within the structure of the United Aircraft Corporation (UAC) for the development and manufacture of all Russian combat aircraft, the UAC press service said. MiG CEO Ilya Tarasenko will chair the association, the press service of Russian Technologies (Rostec) state corporation said.
At the same time, Tarasenko will retain the post of deputy general director of the UAC for military-technical cooperation. The former head of Sukhoi, Igor Ozar, is leaving the company.
The United Aircraft Corporation clarifies that Tarasenko will be in charge of the formation of the UAC military aviation division on the basis of Sukhoi and MiG design bureaus.
The organization will work to develop, manufacture and sell and maintain the entire range of current and prospective combat aircraft.
MiG's revenues in 2018 amounted to about 89.5 billion rubles, while the net profit of the company made up 3.5 billion rubles.