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PBS signs Memorandum of Understanding with Ivchenko-Progress

Source: PBS

Czech company Prvni brnenska strojirna Velka Bites, a.s. (PBS), a well-known Czech company specializing in R&D and production of turbine power units and aerospace equipment, and Ivchenko-Progress SE, a renowned Ukrainian state enterprise specializing in the design and development of aircraft engines, have signed a Memorandum of Understanding (MoU) on strategic cooperation at the Paris Air Show, held at Paris-Le Bourget Airport, France.

The agreement aims to establish a framework for commercial, development, and production cooperation on the new AI-PBS-350 3,400 N turbojet, which will be a joint product of PBS and Ivchenko- Progress SE and will be available to customers from mid-2023. The agreement also includes an extended cooperation agreement to identify new joint commercial and development projects in the aerospace, defence, and energy industries.

 

Czech company Prvni brnenska strojirna Velka Bites, a.s. (PBS), a well-known Czech company specializing in R&D and production of turbine power units and aerospace equipment, and Ivchenko-Progress SE, a renowned Ukrainian state enterprise specializing in the design and development of aircraft engines, have signed a Memorandum of Understanding (MoU) on strategic cooperation at the Paris Air Show, held at Paris-Le Bourget Airport, France.
Image: PBS.

 

The signing of the MoU with Ivchenko-Progress is part of the ongoing development of cooperation with Ukrainian companies, which is mutually beneficial and is aimed at long-term cooperation in the future.

 

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