Business News, 13/11/2017

Kharkiv Aviation Sector Increases Production Volume

FED Kharkiv machine-building plant, Kharkiv Aggregate Design Bureau State Enterprise and FED Scientific and Industrial Company demonstrate significantly improved business performance indicators in the nine months of 2017.

These enterprises constantly upgrade equipment and expand the range of their products. They are also involved in the import substitution program under a memorandum of cooperation between the Regional Administration and Ukroboronprom State Concern. It allowed them to complete the stock of orders, to achieve rapid growth of output and increase wages to their employees.

These enterprises employing thousands of specialists are still considered the pillars of the local economy. So growing sales and revenues make a positive impact on social climate in the region.

Reference: FED is the world-famous brand in the aerospace industry. Today, the company holds leading positions in Ukraine in serial production, repair, and modernization of equipment for hydraulic, fuel and electrical systems of aircraft. FED products are used in almost all types of aircrafts and helicopters in more than 60 countries.

Text: Natalia Ivanova

Photo: Status Quo