Moscow looks at part privatisation of Russian Helicopters by year end

Ka 52 HelicopterRussian Helicopters could be partly privatised this year, with a 25% stake being sold to a strategic investor is being considered, according to Industry and Trade Minister Denis Manturov. “It all depends on the situation, but we hope that it will happen this year,” he said yesterday.
With a total turnover of $4.3bn and 42,000 staff, Russian Helicopters is the world’s 23rd largest defence industry company and is virtually on par with the US-based Sikorsky Aircraft in terms of revenues raised from the supply of defence industry products, according to figures compiled by the Stockholm International Peace Research Institute (SIPRI).