Memorandum of Understanding on strategic cooperation

PBS has signed a Memorandum of Understanding with Ivchenko-Progress SE
 
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.
The signing of the MoU with Ivchenko-Progress SE 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.
 
První brnenska strojirna Velka Bites, a.s. (PBS) is a member of PBS GROUP, a.s. – a stable and innovative engineering company that has been active in the field of high-precision engineering for over 200 years. The key area for PBS is aerospace engineering: in-house development, production, testing, and certification of small turbojet, turboprop, and turboshaft engines, auxiliary power units (APU), and environmental control systems (ECS). The PBS manufacturing programme further includes cryogenics products, precision casting, precision machining, and surface treatment.

Ivchenko-Progress SE is a Ukrainian state enterprise specializing in the design, production, testing, developing, certification, putting into serial production, overhaul, and after-sales service of gas turbine engines for many types of aircraft, helicopters, and UAVs. The activity of the company is based on decades of experience (was founded in 1945) combined with its unique manufacturing capabilities.