A landmark event in Russian aircraft-making -- the promotion of MiG CEO Alexei Fedorov to Director General of the United Aircraft Corporation, the new national champion -- came shortly before a huge arms deal with Algeria.
The high-level Russian delegation in Algeria signed $7.5 billion's worth of arms trade contracts under which Russia will supply a fleet of multi-role fighters -- 36 light MiG-29SMT Fulcrums and 28 heavy Su-30MKA Flankers -- and 16 Yak-130 Mitten combat trainers, all worth around $3.5 billion. Additional programs include upgrade of 36 older Fulcrums, supplies of missiles and ground-based radars, and pilot and technician training. This series of contracts is going to be a tough test for the UAC, its new CEO and companies bound to become its units -- Sukhoi, MiG, and Irkut Corporation.
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