USC confirms signing of contracts for Borei class subs
United Shipbuilding Corporation (USC) confirmed it had signed contracts for the design and construction of ballistic nuclear missile-carrying submarines of upgraded Project 955A (Borai-A), the Corporation said on Thursday.
Overall, there were three contracts signed: with the Rubin Marine Equipment Design Bureau for the design of flagship SSN Borei-A of Project 955A, with JSC Sevmash - for the construction of this project submarine, with the United Shipbuilding Corporation - for the construction of serial 955A Project Borei-A class nuclear-powered submarines. The contracts will be executed in accordance with the State Arms Procurement Program.
"The signing of the contracts allows Russia to deploy… forces of modern strategic missile-carrying submarines, to ensure national security, to provide jobs for defense enterprises and its modernization," the shipbuilding company press release said.
United Shipbuilding Corporation was founded in 2007 as a 100-percent state-owned group of companies by the Presidential Decree № 394 (March 21, 2007). UCS currently incorporates three regional shipbuilding centers, nine engineering and design offices and 39 dockyards. The Corp’s largest shipbuilding assets include Kaliningrad-based JSC Yantar Shipyard, JSC Admiralty Shipyards (St. Petersburg), JSC PA Sevmash (Severodvinsk), JSC DVZ Zvezda (Vladivostok) and Baltic Shipyard Besides, UCS holds a 50% stake in Arctech Helsinki Shipyard, a joint venture with STX Finland Cruise Oy.
The Corporation participates in several major international projects: construction of a new mega shipyard Zvezda-DSME through a JV with Daewoo Shipbuilding & Marine Engeneering (South Korea), the construction jointly with Yantai Raffles (Singapore) of Vostok-Raffles Shipyard. In 2010, USC posted total revenue of RUB135 billion. Currently, USC consolidates about 70% of the domestic shipbuilding industry. The Group focuses on the Russian market, but also exports its products to 20 countries.