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United Aircraft Building Corporation (UABC), in Russian : '''О'''бъединённая '''а'''виастроительная '''к'''орпорация), is a Russia n Government-owned Corporation that consolidates aircraft construction companies and state assets engaged in the manufacture, design and sale of military, non-military, transport, and unmanned aircraft. UABC was created in February 2006 by Russian President Vladimir Putin . The next step will occur at the end of 2006, when the second largest (and state-owned) Russian bank Vneshtorgbank will transfer to Irkut the 5% share in EADS it bought in the summer. EADS already owns 10% of Irkut. The merger will be finished in the first quarter of 2007 and its share will be public at stock exchanges late in 2007 and early in 2008. The state will retain least 75% of the shares. UABC's newly appointed Chairman Sergei Ivanov , who is also the Russian Deputy Prime Minister and Defence Minister, announced that foreign investors would not be admitted to the military sector of the UABC, but such investment will be encouraged in the UABC's civil and transport sector. It will be the largest ever conglomerate in Russia, encompassing , ''' Sukhoi ''', ''' Ilyushin ''', ''' Tupolev ''', and ''' Yakovlev '''. It has also been recently announced that the ''' TAPO ''' factory, in Tashkent , Uzbekistan , would also become a subsidiary of the group. By comparison, in the old USSR, by 1953, there were 25 aircraft design bureaus (see OKB ) with experimental and serial production plants. UABC will realize seven projects proposed by the Russian aircraft industry for instance the Sukhoi Superjet 100 (formerly the Russian Regional Jet) and a medium-range plane, MS-21 (by Irkut, Ilyushin and Tupolev). COMPANY STRUCTURE , and Ilyushin .]] The Russian defence minister Sergei Ivanov has been appointed the chairman of the board of the company and '''Alexei Fyodorov''', former head of MiG Corporation and co-owner of the Irkut, was appointed the director-general of the Corporation. PRODUCTS ''(This section contains future products most likely to be distributed under UABC umbrella)'' Civilian Military EXTERNAL LINKS
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