OREANDA-NEWS. September 30, 2008. The Russian Bank for Development has signed a facility agreement with NPO "Saturn". On behalf of RBD the agreement was signed by Sergey Krjukov, Chairman of the Board and on behalf of NPO "Saturn" - Yuri Lastochkin, Director General, reported the press-centre of RBD.

In accordance with the agreement the credit line worth RUR 125 million is opened for 2 years and it envisages targeted use of the allocated resources. The funds shall be channeled to purchase new processing equipment, facilitating technical upgrading of the enterprise.

Basic direction of cooperation of RBD and NPO "Saturn" is implementation of national programs promoting innovations in Russia.

OAO "Science and Production Association "Saturn" – leading engine manufacture which specializes in design, production and after sales service of gas turbine engines for military and commercial aviation, naval forces, power-generating and gas-compressor plants.