Kronshtadt Group sells avionics business
St. Petersburg-based Kronshtadt Group is transferring all of its assets associated with design and production of flight and navigation instruments to Ramenskoye Avionics Design Bureau (RADB). These include systems and solutions developed earlier by Kronshtadt. However, the group will retain ownership of the registered trade marks. Aircraft simulator and drone divisions will remain in Kronshtadt.
Kronshtadt’s press-office declined to comment on further details of the deal. Last year, the group was restructured, and changed brand and ownership. Its former parent Transas sold all aviation-related businesses to Sistema JSFC, an the new owner focused its corporate development strategy on conquering international markets.
In its official statement, Kronshtadt emphasizes that the sale of avionics assets will enable the company “to attract additional investments and concentrate on other business directions, such as flight systems for drones and other robotic systems.”
In its turn, the RADB, one of the main developers and producers of cockpit systems for combat aircraft, “has secured its presence on the commercial aviation market and gained additional competences in the area of lighting equipment and flight safety systems.”
The design bureau specializes on developing equipment for military airplanes, helicopters and drones in the interests of the Russian Defence Ministry, as well as within the framework of international military-technical co-operation.
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