Paramount signs helicopter engineering deal with Ukraine
Paramount Group has signed an MoU with Motor Sich JSC of the Ukraine to collaborate in the production and modernisation of helicopters and aviation engineering components.
The signing, which was witnessed by Ukrainian President Petro Poroshenko, commits the two companies to exploring the opportunity of transferring technologies that exist in both companies, relating to rotary platforms. The signing took place during IDEX 2015 in Abu Dhabi.
Paramount Group's Advanced Technologies business unit are the producers of the Super Hind advanced helicopter, based on the MI24 platform. Motor Sich JSC are a large Ukrainian Helicopter maintenance and repair organisation who manufacture engines and other major helicopter components.
Ivor Ichikowitz, Executive Chairman of Paramount Group, “We have had a long-standing working relationship over many years with Motor Sich and this agreement takes our collaboration to the next level. We have known for some time that there are areas of unique synergies between our companies, so today’s signing marks a commitment to enhancing our level of collaboration.”
Paramount Group recently announced a ramping up of the production of its Mi24 and Mi17 composite rotor blades. These are key components of the company's Super Hind program.
Paramount's Super Hind - Picture (c) Defenceweb.co.za