Rostec to produce PD-14 engines

Eleanor Steed
By Eleanor Steed April 18, 2017 12:07

Rostec to produce PD-14 engines

United Engine Corporation, part of Rostec State Corporation, plans to upgrade its production facilities in 2017-2025 to prepare for mass production of PD-14 aircraft engine. The company intends to invest 21.9 billion rubles into the venture.

One of the upgrade program directions is defined as re-equipment of production with modern machinery — universal machining centers intended for manufacturing complex parts. For this, 4.6 billion rubles was allocated; funding is made via the corporate bonded loan.

Another 14.3 billion rubles will be spent on creation of after-sales service system: establishment of repair facilities, training centre, spare parts distribution network and maintenance and repair centers. The project will be implemented using funds from federal budget.

Production line designed to produce at least 50 sets of equipment per year will be organized for PD-14 aircraft engines assembly. During 2017-2025, 2.95 billion rubles of own and borrowed funds of UEC will be invested in the project.

United Engine Corporation expects to complete the upgrade of the stand for aircraft engines testing this year. The launch of the new stand is planned for the third quarter of 2017. Investment in the project is estimated at 96.2 million rubles.

The total cost of works on preparation of PD-14 aircraft engine for serial production in 2017-2025 will be 21.9 billion rubles.

PD-14 engine is created in the framework of development program for a family of engines with 12.5 to 18 tonnes thrust for passenger and cargo aircraft, including for prospective MS-21 airliner developed by Irkut Corporation.

In 2017, UEC plans to register exchange bonds program. Currently, four issues of UEC classic bonds for a total amount of 33.213 billion rubles are in flotation.

Eleanor Steed
By Eleanor Steed April 18, 2017 12:07