United Aircraft Corporation

Rostec, Russia's state defense and industrial conglomerate, holds approximately 92.3 percent of UAC shares. State development bank VEB.RF controls another 4.5 percent. The remaining shares trade on the Moscow Exchange but represent minimal float, making UAC effectively a state-controlled enterprise.

UAC produces military fighters (Su-57, Su-35, MiG-35), strategic bombers (Tu-160M, Tu-95MS), heavy transports (Il-76MD-90A), and commercial airliners (Superjet 100, MS-21 through Irkut). The Il-114 regional turboprop and Il-112V light military transport round out the portfolio.

Direct equity investment is limited by UAC's state-dominated shareholding structure. However, UAC has structured joint ventures for specific programs — notably the Superjet International venture where UAE-based Markab Capital holds 49 percent, and licensed production discussions with India's Hindustan Aeronautics Limited.

Rostec is UAC's majority shareholder and ultimate controlling entity. The relationship is foundational rather than arm's-length: UAC operates as Rostec's aviation holding, consolidating design bureaus and production facilities that might otherwise compete or atrophy under separate management.

Superjet International is a Venice-based joint venture handling sales, completions, and aftermarket support for the Sukhoi Superjet 100 outside Russia. Markab Capital acquired a 49 percent stake in the venture from UAC, bringing UAE-based investment into the program's global commercial strategy.

UAC funds engineering scholarships at Russian aerospace universities, supporting the next generation of aviation engineers. These scholarships operate separately from the firm's industrial operations and focus on specialized fields including aerodynamics, materials science, and propulsion engineering.

The Superjet 100 regional jet is UAC's primary export-oriented commercial platform, alongside the MC-21 narrow-body airliner. Western sanctions following 2022 have significantly constrained both programs' access to components and foreign certification, limiting near-term export viability.