Russia is planning to develop a new engine to power next-generation high-speed helicopter according to Aleksandr Vatagin, the executive director of St. Petersburg's JSC UEC-Klimov (part of the state United Engine Corporation).

Aleksandr Vatagin, the executive director of St. Petersburg's JSC UEC-Klimov (part of the state United Engine Corporation), said on Tuesday. “Of course, we are engaged in this project, it is even eligible for the federal budget of the [Russian] Ministry of Industry and Trade. There is money in the budget for 2021-2022, and we expect that we will receive this money unambiguously and we will create a prospective helicopter engine,” Vatagin told reporters, answering a relevant question.

Last year, Yuriy Shmotin, the general designer of the UEC, told Sputnik that the corporation was working on a new generation aircraft engine PDV-4000 that could be installed on both aeroplanes and helicopters. 

In 2017, Russian helicopter manufacturers tested the first high-speed helicopter (PSV) flying laboratory based on the Mi-24 model. The experimental rotorcraft developed a speed of up to 400 kilometres per hour (310 miles per hour).