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The analysis showed that the most important results of the Aviation Industry Development Strategy are: an increase in the share of Russian manufacturers of aviation products in the world market; reorientation of the production of aviation industrial complex to the innovative segment of the global market. The aim of the study is to develop an engineering mechanism for the modernization of science-intensive products of the aviation industry. In accordance with this, a method is proposed for assessing the strategic risk of high technology products, a model for assessing the effectiveness of modernization of high technology products based on the concept of strategic risk as defining elements of the engineering process in the aviation industry. The practical implementation of the model is carried out.

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