Russian Aircraft Corporation MiG in turn replaced by Alexey Fedorov in September 2004. In 2006, the Russian government merged 100% of Mikoyan shares with Ilyushin, Irkut, Sukhoi, Tupolev, and Yakovlev as a new company named United Aircraft Corporation. Specifically, Mikoyan and Sukhoi were placed within the same operating unit. MiG failed to win any major aircraft tender in the post-Soviet era, falling behind its Russian rival Sukhoi. According to press reports, the company was shedding hundreds of employees in late 2017 due to a shortage of orders. As of 2015 the company's business offering consists mostly of modernized MiG-29 aircraft. MiG is developing a
Sukhoi/HAL FGFA Sukhoi's director Mikhail Pogosyan stated: "We will share the funding, engineering and intellectual property in a 50–50 proportion", in an interview with "Asia Times". On 11 September 2010, it was reported that India and Russia had agreed on a preliminary design contract, subject to Cabinet approval. The joint development deal would have each country invest $6 billion and take 8–10 years to develop the FGFA fighter. In December 2010, a memorandum of understanding for preliminary design of the Indo-Russian fighter was reportedly signed between Hindustan Aeronautics Ltd (HAL), and Russian companies Rosoboronexport and Sukhoi. The preliminary design will cost $295