|Day's Range||186.27 - 187.60|
|52 Week Range||122.35 - 187.61|
|PE Ratio (TTM)||22.99|
|Dividend & Yield||5.68 (3.04%)|
|1y Target Est||N/A|
Russia's new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future. The MS-21, a new single aisle airliner produced by Russia's United Aircraft Corporation, is the first passenger plane borne aloft by lightweight carbon-composite wings built without a costly pressurized oven called an autoclave. The manufacturing process provides a test for a technology already being assessed by Western rivals, who are looking for cheaper and faster ways to build some of their aircraft with composites, according to aerospace executives and suppliers.
Russia has built its own commercial airplane. This is a potential long term threat to Boeing (NYSE: BA) and Airbus which between them own the commercial aircraft business worldwide. Russia’s Irkut Corporation ...
Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors. In a surprise statement, manufacturer Irkut Corporation (IRKT.MM) and its state-controlled parent company United Aircraft Corporation (UAC) (UNAC.MM) said an MS-21-300 model had successfully completed a 30-minute flight at a height of 1,000 meters and traveling at 300 km an hour. Squeezed by Western sanctions over its role in the Ukraine crisis, Russia is trying to rejuvenate domestic industrial production to make the country less dependant on foreign firms.