OREANDA-NEWS. September 15, 2011. Novikombank has partnered with UIC Oboronprom and its subsidiaries for many years.

In the second half of 2010, Novikombank provided MIL Moscow Helicopter Plant a line of credit to finance its joint design bureau construction project (helicopter engineering centre), supported by UIC Oboronprom. The aim of this project is to create the right conditions for the creation of an innovative research and engineering policy by consolidating the scientific, research and experimental potential of the companies which are subsidiaries of the holding company Russian Helicopters.

The President of Novikombank, Ilya Gubin and the Executive Director of MIL Moscow Helicopter Plant, Mikhail Korotkevich signed an additional financing agreement. These funds will be used to complete the joint design bureau (helicopter engineering centre).

The President of Novikombank noted that: “By bringing together leading domestic helicopter design bureaus - MIL Moscow Helicopter Plant and Kamov at the modern high-tech helicopter engineering centre, we will enhance the competitiveness of Russian-made helicopters and the operating efficiency of the holding company Russian Helicopters.