At the ongoing International Aerospace Exhibition (MAKS 2011; Moscow;     16-21 August), and at a ceremony attended by Vladimir Putin, Chief of the Government of Russia, Sergei Chernezov, Chief Executive of Rostekhnologii, and Jean-Paul Herteman, Chairman and CEO of Safran, JSC Rosoboronexport (company of Rostechnologii group), ZAO ITT Inertial Technologies of Technokomplex, and Sagem (Safran group), announced the creation
of RS Alliance, a joint venture specialized in inertial navigation systems for military aircraft.

RS-Alliance will be a key manufacturer of defense equipment within the framework of a partnership with Sagem (Safran group).

This joint venture will be based in Russia and operating under Russian law.

The joint venture has been primarily formed to manufacture the new fifth-generation LINS-100RS inertial navigation system, designed to provide military aircraft with high precision navigation capabilities. A high performing autonomous navigation system, the LINS-100RS integrates latest-generation digital laser gyros.

Serguei Chernezov, Chief Executive of Rostechnologii noted: “Cooperation between Russia and France has steadily been building momentum The creation of the RS Alliance joint venture with Sagem is a striking example of this growing cooperation. Deployment of this project is extremely important for the development of economic and commercial cooperation between the two countries, particularly in this innovative high-tech segment.”

Jean-Paul Herteman, Chairman and CEO of Safran, said: “This new joint venture will enable Sagem to foster the further development of collaboration with the Russian aviation industries. Building on this new partnership, we are especially proud of our role as an active partner in the long-term governmental and industrial collaboration established by Russia and France.”