Russia’s United Engine Corp. (UEC), part of state-owned Rostec Corp., will invest RUB21.9 billion ($389.3 million) to upgrade its production facilities through 2025 to build PD-14 engines to power Irkut Corp.’s MC-21 aircraft. According to Rostec, RUB4.6 billion, funded through a corporate bonded loan, will be invested in production re-equipment with modern machinery. Another RUB14.3 billion will be used to create an after-sales service system—including establishing ...

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