Russian aircraft manufacturer Irkut Corp. reported a 2016 net income of RUB1.2 billion ($20 million), reversed from a RUB2.3 billion net loss in the year-ago period. Revenue for the year rose 28.8% to RUB108 billion. The company cited export growth in 2016 as the reason for the improved results. Operating profit grew 19X from RUB421.8 million to RUB8.1 billion. Irkut builds the MC-21 passenger aircraft, named as the successor to the Tupolev Tu-154, which is intended to compete with ...

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