...Russian President Vladimir Putin criticized the USC on Tuesday over delays in delivery of warships to the Navy. Putin announced at the meeting that Vladimir Shmakov, first deputy CEO of tank manufacturer Uralvagonzavod, has been appointed as new USC head, with a brief to sort out the delivery program.
Putin ordered USC's management to submit a report by October 15 on measures to improve the situation in the industry.
USC, established in 2007, is Russia’s largest shipbuilding and ship repair company. It comprises nine design bureaus and 39 shipyards. USC currently accounts for 70 percent of the domestic shipbuilding industry, according to its website. The corporation is wholly owned by the state.
Doubts about the ability of the industry to deliver warships on time and budget prompted the previous defense minister, Anatoly Serdyukov, to order Mistral-class amphibious assault ships from France in 2011. That deal has subsequently been criticised by Rogozin and other senior defense industry officials....