Rostec State Corporation, Russia's largest industrial company, is celebrating its 15th anniversary. It unites about 800 scientific and industrial organizations in 60 regions of the country and provides stable employment for 600 thousand people. The corporation produces thousands of types of products for both military and civilian purposes and is a leader in the volume of state defense orders. Rostec's birthday is considered to be November 23, 2007.
It was then that Russian President Vladimir Putin signed Federal Law No. 270-FZ "On the State Corporation for the Promotion of the Development, Production and Export of High-tech Industrial Products "Rostec". Six months later, in July 2008, 443 enterprises were transferred to the management of the Corporation. Of these, 148 were in a pre–crisis and crisis state, 28 were in bankruptcy, 17 enterprises did not carry out economic activities, and 27 partially lost their property.
Now Rostec is the largest industrial company in Russia. Rostec's contour includes large centers of high–tech industrial competencies - KAMAZ and AVTOVAZ, UAC and UEC, Shvabe and KRET, Roselectronics and Natsibio, Russian Helicopters, Uralvagonzavod, High-Precision Complexes.
The key activities of the Corporation today are aircraft and engine building, automotive, radio electronics, information and medical technologies, innovative materials and much more.
By the end of 2021, the consolidated revenue of the Corporation amounted to 2.06 trillion rubles – almost four times more than in 2009. Then this figure was 511 billion rubles, its main part was formed by the state defense order.
"For most of its history – 8 years – Rostec has been operating under sanctions. But that didn't stop us from achieving a lot. Today we produce thousands of types of products. Along with the conscientious execution of the State Budget, we are increasing civil production. Last year, for the first time, we reached a record level of 45.5% for the defense complex – this is about 900 billion rubles in monetary terms. This year there will be a slight decrease due to the growth of military production. But our goal remains unchanged – that every second ruble of revenue falls on civilian products, in accordance with the instructions of the president," commented Sergey Chemezov, CEO of Rostec State Corporation.
Along with the development of civil production, the Corporation is the largest contractor of the state defense order. The company accounts for more than 40% of the total volume of the state budget. The work is aimed at providing the army with advanced models of weapons, military and special equipment. Key types of products – airplanes, helicopters, armored vehicles, precision weapons and means of combating them, ammunition, electronic warfare, communications, intelligence and control systems, etc. In most of these segments, Corporations are recognized leaders.
"For 6 years, from 2015 to 2021, Rostec has ensured independence from foreign-made products in more than 130 types of weapons. The Corporation traditionally fulfills its obligations under the State Budget at the highest level – almost 100%. Due to the start of its production, production has been switched to an enhanced mode, shipments are ahead of schedule, defense industry enterprises work in several shifts. According to a number of contracts with the Ministry of Defense, Rostec delivered armored vehicles, ammunition, helicopters, and other products ahead of schedule," said Sergey Chemezov, General Director of Rostec State Corporation.
Rostec's landmark product projects in recent years include the medium-haul passenger aircraft of the new generation MS-21, the first domestic turbofan engine for civil aviation PD-14, the first Russian high-power turbine GTD-110M, the offshore helicopter Mi-171A3 for servicing fuel and energy facilities, the new influenza vaccine "Ultrix-Quadri", the drug for the treatment of coronavirus "Covid-globulin".
Among the immediate tasks of Rostec is a large–scale renewal of the domestic air fleet, the replacement of foreign aircraft with modern and reliable Russian airliners. By 2030, more than 500 aircraft of various types will be produced, including over 270 MS-21 airliners, about 140 SSJ-100 aircraft in import-substituted configuration. In addition, the supply of components for Russian main gas pipelines will continue. The share of Rostec's gas pumping equipment in the industry has already reached 80%. Rostec units are used today by the largest companies in Russia – Gazprom, Rosneft and other participants in the fuel and energy sector market.
