Rostec: Russian Exports for Ground Troops Hit $25 Billion

04.10.2017 Russia
Rostec: Russian Exports for Ground Troops Hit $25 Billion

Rostec: Russian Exports for Ground Troops Hit $25 Billion

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JSC Rosoboronexport (part of the Rostec State Corporation) noted the increasing demand for Russian military equipment for ground troops and growth of the number of orders for civil and dual-purpose products in countries of South-East and Central Asia, Central and West Africa and Latin America.

In the segment of Russian products for ground troops, the greatest demand is for small arms and close combat weapons, armored vehicles and automobiles, artillery systems and antitank missile systems, ammunition.

“Thanks to their capabilities, value for money and operability in the most complicated natural and climatic conditions, Russian military equipment often proves much more attractive than similar foreign equipment. From 2001 to present, its total export volume has amounted to about US$ 25 billion,” said Igor Sevastyanov, Deputy Director General, Rosoboronexport.

In addition to products for military forces, the order portfolio of Rosoboronexport contains a sizeable share of civil and dual-purpose products. For example, more than 18 thousand vehicles for transportation of cargo and personnel based on KAMAZ, URAL, GAZ and UAZ have been supplied to countries of Asia, Africa and Latin America since 2001.

Besides, after amendment of the federal law on Arms, Rosoboronexport received the right to export civilian and service weapons, which will allow the company to grow the order portfolio, enter new markets and start cooperation with countries which previously were not able to procure Russian civilian and service weapons for various reasons. The company has already entered negotiations with a number of clients.

Rostec Corporation is a Russian corporation that was established in 2007 to facilitate the development, production and export of high-tech industrial products designed for civilian and military applications.

The Corporation comprises over 700 organizations that are currently part of eleven holding companies operating in the military-industrial complex and three holding companies working in civilian industry, as well as 80 directly managed organizations.

Rostec’s portfolio includes well-known brands such as AVTOVAZ, KAMAZ, Kalashnikov Concern, Russian Helicopters, VSMPO AVISMA, UralVagonZavod, etc. Rostec companies are located in 60 constituent entities of the Russian Federation and supply products to more than 70 countries.

In 2016 the consolidated revenue of Rostec reached 1.266 trillion rubles, while the consolidated net income and EBITDA amounted to 88 billion and 268 billion rubles respectively. In 2016, the average salary in the Corporation was 44,000 rubles.

According to Rostec’s strategy, the main objective of the Corporation is to ensure that Russia has a technological advantage in highly competitive global markets. Rostec’s key objectives include the introduction of a new techno-economic paradigm and digitalization of Russian economy.

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