The United Aircraft Corporation, Russia's leading military aviation contractor, aims to boost fighter jet production by 30% by 2030 while planning to lay off 1,500 managerial jobs as part of an effort to improve financial performance. CEO Vadim Badekha stated that these cuts target the Moscow office and are necessary to address the significant financial losses the company has faced in recent years. UAC oversees production of key military aircraft like the Su-57 and MiG fighters and is attempting to increase output under the arms procurement order amid its ongoing fiscal challenges.
We plan to raise production effectiveness by 30% by 2030. It will help produce major volumes under the arms procurement order that will exceed the high figures of last year.
1,500 people, or more than a quarter of the managerial staff, will be cut. The layoffs targeted at its Moscow office are part of a push to bring UAC out of the red.
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