OREANDA-NEWS. On July 22, 2013 an annual general shareholders meeting was held at NPO Saturn.

By the resolution of the NPO Saturn shareholders meeting the annual report, the annual financial statements including the profit and loss report as well as the distribution of the Company’s profits and losses based on the results of the 2012 accounting year have been adopted. Following the results of 2012, it was decided not to disburse the dividends (not to declare them).

The NPO Saturn board of directors was elected in the following composition: V.A. Gavrilov, I.M. Goncharenko, G.B. Kirpichev, D.Y. Lelikov, V.E. Masalov, A.V. Neznamov, P.A. Palamarchuk, P.M. Osin and I.N. Fedorov.

L.A. Zhurina, S.Y. Lashkina and M.Y. Tugaev have been appointed to the revision commission of NPO Saturn.

The research and technology center of audit for the companies in the MIC Ltd. auditing company has been elected NPO Saturn’s auditor for 2013.

NPO Saturn Research and Production Association (OJSC) is an engine-building company specialized in the design and development, production and after-market support of gas turbine engines for military and civil aviation, Navy boats and power-generating plants and gas-pumping units. NPO Saturn is part of United Engine Corporation.

United Engine Corporation Managing Company (OJSC) is a subsidiary of OBORONPROM UIC (OJSC). The UEC structure integrates over 85% of Russia’s leading companies specialized in the design and development, serial production and after-market support of gas turbine machinery, as well as the key enterprises - the industry’s integral players. One of the UEC’s prioritized fields of activity is the implementation of comprehensive programs of development of the companies in the industry by introducing the world-class new technologies.

OBORONPROM United Industrial Corporation (OJSC) is a multi-field machine-building group created in 2002. It is part of Rostec. The main fields of activity - helicopter building (the Russian Helicopters holding), engine building (the UEC holding) and other assets.

Rostekhnologii State Corporation (Rostec) is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and civil purposes. Today it comprises over 663 companies, which form 8 military-industrial and 5 civil industry holdings. Rostec’s subsidiaries are located in 60 regions of Russia and supply their products to over 70 countries worldwide. In 2012 revenues of the Corporation amounted to RUB 931 billion, net profits were RUB 38.5 billion and total taxation exceeded RUB 109 billion.