Rosoboronexport achieves record levels in 2018

Rosoboronexport achieves record levels in 2018

Tue, 11/06/2018 - 16:21
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Press Release

On November 4, 2018, Rosoboronexport, which is part of the Rostec State Corporation, celebrates the 18th anniversary of its founding. The Company was established in 2000 by decree of the President of the Russian Federation.

"For 18 years, Rosoboronexport has become a world leader in the supply of weapons and military equipment and reached record levels. Today, Russia assuredly ranks second in the world in terms of the scope of military-technical cooperation. The Company’s order book stands well above $50 billion, while the total value of deliveries has exceeded $150 billion over the years. We continuously improve and offer foreign customers more and more new models of military equipment, often the best in the world in performance and competitive in terms of price and quality. More than 200 Rosoboronexport employees have been awarded state and departmental awards for their great contribution to the development of military-technical cooperation with foreign countries,” said Rostec’s Director General Sergey Chemezov.

In 2018, the Company was actively engaged in efforts to promote and exhibit their products. Rosoboronexport took part in 16 international exhibitions and forums, and 6 are yet to come before the end of the year. The Eurasian Air Show in Antalya, Turkey, the International Far Eastern Maritime Show in Vladivostok and ADAS 2018 in the Philippines were debut exhibitions for the Company. Rosoboronexport is expected to participate in yet another new exhibition, EDEX 2018 in Egypt, to be held late this year.

“Despite unprecedented competition, Rosoboronexport continues to strengthen its position in the global market. Just recently, we signed the biggest-ever contract in company history to supply India with the S-400 Triumph anti-aircraft missile systems. In 2018, we delivered weapons and military equipment to more than 40 countries of the world. At the same time, over 1,100 contract documents worth about $19 billion were signed, almost a quarter more in the whole last year. That statistics suggest that the quality of Russian weapons and their proven performance are a determining factor for our partners,” said Rosoboronexport’s Director General Alexander Mikheev.

Rosoboronexport has expanded its catalog of military products over the year and is actively promoting a number of new pieces of military hardware on the world arms market, including the Buk-M3 Viking and Tor-E2 SAM systems, the Sprut-SDM1 light amphibious tank, the ships Karakurt and Sarsar, Il-78MK-90A tanker aircraft, and Il-76MD-90A(E) military transport aircraft.