Iran, Russia to Jointly Manufacture Helicopter

In the wake of the Joint Comprehensive Plan of Action (JCPOA), many European and Russian companies sought investment opportunities inside Iran. In an article posted on, Behzad Etemadi, the deputy head of Iran’s Industrial Development and Renovation Organization (IDRO), announced the signing of an agreement between the IDRO and Russian Helicopters to manufacture two helicopter models inside Iran.

Etemadi explains that the Russian company, a subsidiary of the Russian aerospace giant Oboronprom, won the contract and beat out Airbus and the Italian firm Leonardo largely because they insisted on more controls than their Russian counterpart. IDRO has also previously signed an agreement with the Russian rail company Transmashholding to manufacture in Iran.

Read the full story here.

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