The Ministry of Industry and Trade of the Russian Federation provided "Helicopters of Russia" 2.5 billion rubles on research and development to design and create advanced helicopter. As described in the materials of the Ministry, the sides signed a state contract on March 22. The term of the research — November 2013.
The Federal Antimonopoly Service (FAS) has approved the conclusion of the contract March 20, 2013.
Holding "Helicopters of Russia" was created in 2007, it combines the design offices, helicopter plants the generation, maintenance and repair of components, and the holding company is a service company that provides after-sales support technology in Russia and abroad.
Earlier it was reported that the corporation "Rostekhnadzor" considering the possibility of attracting a strategic investor for the "Helicopters of Russia", which includes a state corporation.
"Helicopters of Russia" does not exclude the possibility of an IPO in the spring of 2013, later than the company expected to use the "autumn window" in 2013 for the IPO.
Holding first announced plans for an IPO in the spring of 2011 in London. The Company has assessed themselves in pre-IPO at $ 1.8-2.4 billion and planned to place shares in the amount of not more than $ 500 million, of which up to $ 250 million — in the additional issue.