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In accordance with the presidential decrees, the United Shipbuilding Corporation will be established within four months as an open joint stock company with its headquarters in St Petersburg. The corporation will be fully state-owned.

The package of decrees on establishing the United Shipbuilding Corporation includes a decree reorganising the Central Scientific Research Institute for Shipbuilding Technology, a federal state unitary enterprise based in St Petersburg, as an open joint stock company, the Centre for Shipbuilding Technology and Ship Repairs. Other open joint stock companies – the Aurora Scientific and Production Company, the Electropribor Central Scientific Research Institute, the Morinformsistema-Agat Company, the Granit-Electron Company, and the Krylov State Scientific Centre – will also be established.

In particular, the reorganisation of the Academician A. N. Krylov Central Scientific Research Institute in St Petersburg will see it merge with the Academician N. N. Andreyev Acoustics Institute in Moscow and the Central Scientific Research Institute for Marine Electronics and Technology in St Petersburg. After reorganisation, the Krylov Institute will be renamed the Krylov State Scientific Centre and will become a federal state unitary enterprise.

The state-owned Salyut Plant in Moscow, the Topaz Plant, and the Amethyst Design Bureau, also both based in Moscow, will be reorganised as open joint stock companies under full federal ownership, and 100 percent minus one share in each of these companies will be transferred as Russia’s contribution to the charter capital of the open joint stock company Morinformsistema-Agat, as payment for the new share issue carried out by the company to increase its charter capital.