Russian Prime Minister Vladimir Putin will chair a conference on Tuesday on restructuring of the aerospace industry, an official at the government press office said.

The key issue on the agenda is "to create an effective mechanism to implement a package of measures to improve the situation in the aerospace industry," the press office said.

"One of the main tasks in structural changes is to form, under effective state management, the industry capable of developing aerospace equipment of world level, meeting all the requirements of the country, and needed on foreign markets," it noted.

At present, Russia’s aerospace brings together 100 research and production organizations. More than half of them are federal state unitary enterprises or state-run companies. The share of joint stock companies where the state holds a controlling interest makes up 22 percent.

Research organizations account for a considerable portion of the industry. Of those, 18 actually perform the functions of research institutes.

In the past three years, the number of enterprises with unstable financial position decreased four-fold (from 16 companies in 2007 to 4 at the present time).