Part of Rostec’s Overall Growth as it Expands Markets
Russian Helicopters features as an important part of the growth achieved by Russian state corporation Rostec in 2017, it has become apparent.
The helicopter manufacturer achieved revenues of US$2.735 billion in 2017, representing an increase of 3% over the previous year and also scored high in a recently-published listing of the world’s leading defence companies, coming in at 36th place.
Rostec, established in 2007 to facilitate development, manufacture and export of high-tech solutions for civil and military markets, consists of over 700 separate organisations, including such internationally recognised brands as Kalashnikov, Uralvagonzavod and Russian Helicopters. Its consolidated revenue in 2017 rose to RUB1.589 trillion ($236 billion), including some $13.4 billion in arms exports through Rosoboronexport, the Rostec subsidiary responsible for overseas marketing of Russian defence systems.
“Despite the difficult geopolitical situation and … extremely high competition [in] the market for military-technical cooperation, we are not only retaining leading positions on the market, we are strengthening them,” commented Rostec CEO, Sergey Chemezov. “A key result of work in 2017 was the expansion of the geography of military-technical cooperation to a number of new countries in the Asia-Pacific region and the Middle East.”
Russian Helicopters is a key component of recent and projected future growth for Rostec, with significant interest being generated by aircraft such as the Mi-28NE NIGHT HUNTER, Mi-35M and Ka-52 ALLIGATOR attack helicopters and even new variants of the venerable Mi-8/17 series.