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Article: EADS picks 10 per cent stake in Russian Aircraft manufacturer.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- December 17, 2005
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EADS picks 10 per cent stake in Russian Aircraft manufacturer
Moscow, Dec 16 (PTI) In a USD 65.3 million deal the European Aeronautics Defence and Space company (EADS) has picked up 10 per cent stake in Russian aircraft manufacturer Irkut, which is involved in the supply of Sukhoi multi-role fighters to India under multi-billion dollar technology transfer contract.
According to Irkut spokesperson Elena Fyordorova EADS needed the 10 per cent stake to be represented on the Irkut board of directors of Russia's first and only private aircraft manufacturer.
Irkut was established ...