Sukhoi and MiG companies merged with the United Aircraft Corporation (UAC), a member of the Rostec state corporation, press service of UAC said on Wednesday.
“Relevant records were made on June 1 in the United State Register of Legal Entities,” the press service said. The UAC Board of Directors approved the merger in November 2021 and shareholders of three companies supported it in January 2022, it added.
“The implemented restructuring ends an important stage in corporate transformation of UAC, which implies in particular the transition from the three-tier to the two-tier governance system in the corporation. Sukhoi and MiG brands, strong and known worldwide, will remain in produced aircraft and reputed designer schools will continue developing,” Rostec CEO Sergey Chemezov said in a comment.