Rosoboronexport touts business growth

MOSCOW, Oct. 30 (UPI) -- Rosoboronexport, the Russian state-owned company for exports, chalked up more than $115 billion in export business over the past 15 years.

Most defense products are exported to the Asia-Pacific region (42 percent), the Middle East and North Africa (36 percent), and Latin American and CIS countries (about 9 percent).

In 2012, Rosoboronexport delivered $12.9 billion worth of products, and $13.2 billion of products in 2013 and 2014.

"Aviation equipment makes up 41 percent of our shipments, with equipment and weapons for land-based forces comprising 27 percent," said Rosoboronexport Chie Executive Officer Anatoly Isaikin. "This is a notable change, because over the course of 15 years we have seen more than a tenfold increase in the supply of equipment and weapons for ground forces, with a 15 percent share for air defense equipment and a 13 percent share for naval equipment."

The CEO said the company's greatest prospects for business growth are associated with the Sukhoi and MiG fighter jets; the Yak-130 combat training aircraft; Mil and Kamov helicopters; the S-400, Antey-2500, Buk-M2E, Tor-M2E and Pantsir-S1 antiaircraft missile systems; Project 22356 and 20382 ships; the Amur-1650 submarine; the modernized T-90SM tank; and other armored vehicles.

"We export thousands of unique products. Simultaneously, we are recording and cataloging a large range of spare parts, materials, tools, and support and training equipment for the continued operation of the exported military equipment," he said.