Russian Rostec’s subsidiary, Techmash is considering licensed production of ammunition in Indonesia.
Techmash is currently considering the production of ammunition for heavy armored vehicles purchased in the Russian Federation, particularly of the 30 mm and 100 mm caliber artillery shells, Sergey Abramov, Industrial director of Rostec weapons cluster, commenting on the cluster strategy adopted in the beginning of April 2017 said.
Techmash is the concern that works in the field of special chemistry and ammunition production. The concern’s enterprises produce goods for governmental needs and fulfill state defense order, Rostec announced today.
Besides, Techmash is actively expanding its military and technical cooperation.
In 2014 Techmash together with Rosoboronexport signed an agreement for the transfer of license on the production of Mango armor-piercing discarding sabots.
On April 5, 2017, the Board of the Rostec State Corporation adopted the weapons cluster strategy that includes the development of the key Russian military enterprises.
Russias United Engine Corporation plans to invest 21.9 billion rubles (USD 390 million) into its production facilities in 2017-2025 for mass production of PD-14 aircraft engine for the new Irkut MC-21 airliner
Russias Shvabe, a part of Rostec Corp, has delivered LDM-2VK laser rangefinders to China for use in shooting practise. The LDM-2VK laser rangefinder, which defines target coordinates in the GLONASS and GPS satellite navigation systems, is produced at the holding company's Shvabe – Defense and Protection enterprise
The board of directors of Russian conglomerate Rostec will consider the sale of a 26 percent stake minus one share in weapons maker Kalashnikov to two private investors, Andrei Bokarev and Alexei Krivoruchko. Rostec announced Friday that it has agreed to sell off a stake in Kalashnikov as part of an overhaul of the producer of the AK-47 assault rifle
Russias defence and high technology holding company, Rostec declared 18% increase in consolidated revenues, amounting to 1 trillion and 140 billion rubles in 2015, despite the sanctions regime imposed against the firm. "Against the sanctions pressure, the general decline of the Russian economy and fall of industrial production index by more than 3 %, we managed to increase the revenue of the State Corporation to 1 trillion 140 billion rubles, demonstrating a growth by 18 % compared to 2014", said CEO of Rostec,Sergey Chemezov during the meeting with the President of Russia Vladimir Putin
The Rostec Corporation of Russia has launched manufacturing activity of TVS-2DTS light aircraft at the Ulan-Ude Aviation Plant (U-UAZ), a member of the Russian Helicopters holding company. TVS-2DTS is a lightweight multi-purpose aircraft with an all-composite structure
Rostec has received a firm order to supply 50 medium range MC-21 passenger aircraft to Aeroflot. Under the firm order, Rostec leasing subsidiary Aviacapital-Service will supply Aeroflot with 50 MC-21-300 aircraft on operating leases
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