OREANDA-NEWS. February 05, 2010. Joint Stock Company “United Aircraft Corporation” [RTS ticker: UNAC; MICEX ticker: UNAC] announces its preliminary unaudited results for the year 2009, reported the press-centre of UAC.

Revenue totaled 114 billion roubles, y-o-y increase of 18.1%

Debt decreased by 13.0%, amounting to 157 billion roubles

Program of Sukhoi Superjet 100 certification tests is being carried out

Serial production of Yak-130 combat trainer and An-148 regional passenger aircraft launched
Launching several new models of aircraft

Capital increased by 21.3 billion roubles

Preliminary unaudited financial results

According to the preliminary management accounts UAC`s consolidated revenue in 2009 increased by 18.1% in comparison with 2008 and amounted to about 114 billion roubles.

Sales of defense aircraft in 2009 increased by 19.6% and amounted to approximately 86.0 billion roubles. Sales of commercial aircraft in 2009 grew by 8.7% and reached 12.5 billion roubles. Research and development financing from the Russian Federation and commercial customers increased by 18.3%. Total revenue from R&D in 2009 amounted to 15.5 billion roubles.

In 2009, exports volumes remained unchanged at about 69.0 billion roubles vs 68.9 billion rubles in 2008. Domestic sales of aircraft and R&D services showed significant growth increasing by 63.0% and reached 45.0 billion roubles.

UAC`s consolidated debt was reduced by 13% y-o-y and totaled 157 billion roubles in 2009 due to the state financial aid to the Russian aircraft manufacturing companies.

Aircraft Deliveries
In 2009, UAC demonstrated a significant production growth with about 100 aircraft manufactured and delivered to the customers compared to about 70 aircraft in 2008 (together with kit aircraft).

UAC delivered about 40 fighters and combat trainer aircraft to the Ministry of Defense of Russia in 2009. 27 aircraft and 18 kit aircraft for their subsequent local assembly were delivered to the export markets (Algeria, India, Malaysia, etc.). During 2009 more than 50 defense aircraft were repaired and upgraded at UAC’s enterprises.

In 2009, 17 commercial aircraft were manufactured, of which 14 were delivered to the customers, including four Il-96, five Tu-204, three Tu-214 and two An-148. Three SSJ-100 aircraft were involved in the flight tests and the certification campaign. The regional jet premiered internationally at the Le Bourget Air Show in June 2009. In comparison with 2008 civil aircraft deliveries grew from 9 to 14 aircraft.

Share capital changes and Shareholders' equity
In 2009, UAC’s charter capital rose by 21.3 billion roubles (in nominal value). 6 billion of additional shares were paid in with cash by the Russian Federation, followed by another 15.3 billion of additional shares placed with the Russian Federation and private investors in exchange for the blocks of stakes in UAC’s subsidiaries.

By the end of 2009 UAC’s charter capital totaled 131,605,358,105 roubles; the share of the Russian Federation in UAC amounted to 89.04%.

In pursuit to ensure the UAC’s private shareholders’ rights, UAC shares were admitted to trading on the RTS Stock Exchange effective November 16, 2009, and starting from January 26, 2010, the UAC shares are traded on the MICEX Stock Exchange.

As of December 31, 2009, UAC’s market capitalization of exceeded 50 billion rubles.

Share capital changes and Shareholders' equity
In 2009, UAC’s charter capital rose by 21.3 billion roubles (in nominal value). 6 billion of additional shares were paid in with cash by the Russian Federation, followed by another 15.3 billion of additional shares placed with the Russian Federation and private investors in exchange for the blocks of stakes in UAC’s subsidiaries.

By the end of 2009 UAC’s charter capital totaled 131,605,358,105 roubles; the share of the Russian Federation in UAC amounted to 89.04%.

In pursuit to ensure the UAC’s private shareholders’ rights, UAC shares were admitted to trading on the RTS Stock Exchange effective November 16, 2009, and starting from January 26, 2010, the UAC shares are traded on the MICEX Stock Exchange.

As of December 31, 2009, UAC’s market capitalization of exceeded 50 billion rubles.