IRKUT - the plane taking off?Irkut Corporation is the leading aircraft manufacturing company in Russia. The shares of the company are in an upward trend. The Company has quite a few long-term contracts, a large share is occupied by military developments (Su-35 and Yakovlev-42 aircraft). The company has proved itself well.
One of the latest news.
Russian Defense Minister Sergey Shoigu, visiting the Komsomolsky-na-Amure aircraft factory (KNAAZ) on August 12, said: "By the end of the year we plan to conclude an additional government contract for the supply of Su-35S multifunctional fighters. The sum of the contract will make 70 billion rubles".
Therefore, by the end of the year we can expect an upward impulse after the contract is concluded.
Russia allocates a lot of money for the defense industry, it is one of the sectors of the Russian economy that can potentially be considered for investment.
Globally, its shares are in the upward channel. Locally, an inverted figure of head and shoulders is being formed. You can enter the position now, or after its confirmation. The targets for selling shares look very ambitious. It will be necessary to be careful when approaching the price level of 80, as the second top may be formed.
