Rostec to present over 400 military products at “ARMY 2017”

Tuesday, August 22, 2017

Moscow: At the 3rd International Military-Technical Forum Army-2017 being held in Moscow from 23rd to 27th August 2017, State Corporation Rostec will have a private pavilion with stalls of the holding companies and directly controlled companies of the state corporation. Holding companies of the weapons cluster - High Precision Systems (Vysokotochnye Kompleksy), Kalashnikov concern, UralVagonZavod, Splav, Techmash – and of the aviation cluster – Russian Helicopters, United Engine Corporation, Concern Radio-Electronic Technologies (KRET), Technodinamika – will take part in the Forum. Electronics developers United Ruselectronics, Shvabe, and the “Concern Avtomatika” will also present their developments. Military equipment will be traditionally exhibited as part of the outdoor exposition.

As part of Army-2017 Rostec will present a record number of samples of weapons and military equipment. In addition to traditional helicopters, small arms, anti-aircraft missile systems, electronics and ammunition, Rostec will present tanks for the first time at the forum, with a primary focus on the Armata tanks and T-90S. In addition, Iskander-E will also be presented. “We expect to hold a series of talks on military-technical cooperation as part of the forum," said Sergey Abramov, Industrial Director of Rostec Weapons cluster.

Operational-tactical missile systems are one of the key products manufactured by the High Precision Systems holding (part of the Weapons cluster of Rostec State Corporation). In accordance with the adopted strategy of the Weapons cluster, Rostec is planning to improve its operational-tactical missile systems in the next ten years. After 2020, the upgraded version of PTRC Iskander-M will be presented.

Rostec State 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 11 holding companies operating in the military-industrial complex and 3 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 amounted to 1 trillion 266 billion rubles, while the consolidated net income and EBITDA amounted to 88 and 268 billion rubles respectively. In 2016, the average salary in the Corporation was 44,000 rubles. According to Rostec 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 the digitalization of the Russian economy.