Yorha

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Yorha
Public
Traded asNEX: 432
BSE: YRHA
Sethnan 200 component
IndustryAerospace, defense, communications
PredecessorIóbhn Industries
FoundedApril 16, 1970; 49 years ago (1970-04-16)
HeadquartersSiéryn-Ann, Riyana
Area served
Worldwide
ProductsMilitary aircraft
Civil aircraft
Radar systems
Communication systems
ServicesSignals intelligence
Orbital rocket launch
OwnerAiré Holdings (Government-owned) (51%)
Hanareth Corporation (20.2%)
Number of employees
46,450 (2017)
SubsidiariesYorha Aerospace
Yorha Composites

Ióbhn Raí-Hanareth, doing business as Yorha, is a Riyan multinational aerospace, defense, security, communications, and advanced technologies company. It was founded in 1970 as a government-backed merger of Riyan arms manufacturers, including Ióbhn Industries, as well as Lugid-based Hanareth SDI. The company is headquartered in Siéryn-Ann, at which their primary manufacturing plant is also located.

History

Origins

Riyana was only beginning to expand its manufacturing industry in the 1960s after recovering from its devastation caused by the Mirarian Theater. The country's geographic position made it considerably vulnerable to potential threats from the Kúúlist bloc's Qonklaks, particularly as tensions between Kúúlist and Sharkunen bloc countries were on the rise. This pushed the Riyan government to spend as much as 22% of its GDP to defense. By the late 1950s, having been restrained by availability of funding, the government sought to industrialize the country to fulfill the needed production capacity through local manufacturing of indigenous and licensed defense equipment.

The largest of merger companies, Ióbhn Industries was founded in 1925, at the time manufacturing production parts for Alotol military equipment and fighter aircraft. Two years later, the company started manufacturing automotive engine parts, and in 1934, the company finished construction of their manufacturing plant in Siéryn-Ann for final assembly of MK2 tanks for the Riyan Armed Forces.

The company was the largest supplier of military vehicles for the Armed Forces prior to the Theater, when difficulties in sourcing certain raw materials following Qonklese rule of Riyana crippled the company's production capacity. Despite the setback, the company was able to restore normal operations in 1952 with Allied funding, and soon expanded their production by signing new contracts with Sharkunen bloc arms manufacturers to assemble defense equipment in Riyana.

Other companies participating in the merger include another Riyan aircraft manufacturer (name), missile manufacturer (name2), and several other smaller contractors.

Merger

Plans for a merger of Riyan defense contractors has been proposed during the 1960s by the Riyan government. Among the supporting parties are the Society Party, (nameson), and Exterior Intelligence Office (EIO) Director Aídenn Esin. Supporters of the merger stated that the plan, which would combine existing contractors' technology, patents, and production capacity into a single company, will benefit from vertical integration. Additionally, the new holding company can utilize Ióbhn's already established assembly facility for new arms projects. There were also ongoing talks on providing export of some of its products for funding, and partly to maintain Riyan presence in the Soltennan arms industry, which is being dominated by Lugid arms manufacturers.

Opposition came from Ióbhn shareholders and its board of directors, who cast doubts at the government's ability to manage such a company, and concerns over the possibility that the government will effectively take over the participant companies of the merger. Ióbhn CFO Cinder Ámae cited a case with the state-owned company Sév Iron & Steel's attempts to monopolize the domestic market, allegedly to fix prices of steel, an issue that was then raised to the New Liberation-led Parliament.

In 1966, a Qonklese flight squadron in the Thejklaks region conducted a patrol within 150 kilometres (93 mi) of the Riyan border, in reaction to (name2)'s anti-air missile tests in Esinvec Base and Sáil Airfield. The EIO subsequently sent a memo to the Armed Forces recommending procurement of substantial amounts of fighter jets, while also mentioning the merger plan as a consideration.

Around the same time, (Name) Aircraft Company, one of the companies participating in the merger, were in the process of acquiring Hanareth SDI. At the time, the Lugid-based had already suffered financial losses from cost overruns on the development of their HSDI Sidewinder reconnaissance aircraft. As news of the merger reached Hanareth Corporation director (Name Nameson), who then displayed interest in the Riyan merger plan.

In 1970, an agreement between the EIO and shareholders was reached, clearing way for the merger. Ióbhn Industries, (Name) Aircraft Company, (name2), and Hanareth SDI were incorporated into the holding company, Ióbhn Raí-Hanareth, under majority ownership of Airé Holdings, Riyana's state-owned holding company and the country's sovereign wealth fund. Its aircraft and missile subsidiary were merged into Yorha Aerospace. Ióbhn continued to manufacture purpose-built vehicles under its original name; its commercial vehicles division was spun off and sold to Arad-Haiwa in 2001 for FTE 15 billion.

Fighter aircraft

Yorha started its development on their first fighter aircraft in 1974 through its research and development division Stardust Labs. The division also worked on Yorha's missile systems, later to be developed for their space launch rocket. Development of the fighter jet reached a significant milestone in 1979, as Yorha unveils its first fighter aircraft, the Battlefighter 1B. An air superiority strike aircraft, it is displayed alongside other Yorha prototypes in time for the 1979 joint Amiyant Sea military exercise. The initial parade is publicly broadcast, and the 1B's appearance gained significant publicity in Lugid media, as it competes directly with TVDS's Re-7.

Construction of first production 1Bs started in 1980, and entered service on the Armed Forces of Riyana Air Force in 1982. The 1B engaged in its first combat in 1988 in the aftermath of the Sáil Incident, in which Qonklese insurgent groups attacked civilian targets in the borderland city of Sáil. Although there were plans to build an export model 1B, no 1Bs were made for other than the Riyan Air Force; the 1B was considered for procurement by the Xynder Air Force in 1987, but was dropped in favor of (Shohuanese jet) and TVDS Re-7A.

With funds acquired from the sale of 1Bs, Yorha acquired (name3) Chemicals in 1983, and merged some of the company's operations into Yorha Composites. The subsidiary helped the company's development of the 8A, unveiled to the public in 1988 in that year's Helvey Trade Expo. Alpha 8A is an experimental aircraft used to demonstrate Yorha's SIGINT and stealth capabilities, which is to be developed into the Battlefighter 2B. The first production 2B was to enter service in 1996, but delayed to 2000 due to production delays caused by the 1995 Fordas financial crisis.

Products

Organization

See also