1. Overpowered.
- Author
-
Komarov, Alexey
- Subjects
- *
DEFENSE industries , *FINANCIAL bailouts , *MERGERS & acquisitions , *AIRPLANE motors - Abstract
The article reports that the Russian government is preparing to put money and order into engine-maker NPO Saturn. According to the article, the move on Saturn is the first major example of direct government support to the country's struggling defense-industrial complex. It is inferred that the government is preparing to a 50-billion-ruble bailout package for the defense industry. It notes that the move to take over Saturn is part of governmental ambitions to consolidate aircraft engine manufacturers under the state-controlled Oboronprom.
- Published
- 2008