Rostec signs agreements worth $1.5 billion at "ARMY-2018"

Enterprises of State Corporation Rostec signed agreements for the amount of over 100 billion rubles ($1.5 billion) at the International Military-Technical Forum "Army-2018". This is 2.5 times more than the amount of agreements signed last year, at "Army-2017".

Parties to the agreements included UralVagonZavod, Concern Tecmash, Rosoboronexport, High Precision Systems NPO JSC, Tsniitochmash, Shvabe, Novikombank and other subsidiaries of Rostec.

The documents cover a wide range of issues, including supplies and maintenance of modern ground military equipment, drones, radio-electronic and melee weapons. Several financial arrangements were also made to ensure financing of developments and production of modern military equipment samples. Firm orders from countries in Asia and Africa, and the CIS became part of Rostec's portfolio of orders.

"The Forum proved again that interest in our developments grows. There are more and more negotiations regarding military-technical cooperation every year, and we are actively working with our main customers. This year we held over 120 meetings with Russian and foreign partners on the platform. We signed agreements for the amount exceeding 100 billion rubles," said Sergey Abramov, Industrial Director of Rostec.

Overall the Forum was attended by representatives from 118 foreign states, 65 official military delegations, and 20 heads of military establishments of various countries.

At "Army-2018" Rostec demonstrated over 450 samples of armaments, military and special equipment, including helicopters, tanks, infantry fighting vehicles, anti-aircraft missile systems with shells, new types of firearms, communications equipment, radio-electronic weapons, etc.

For instance, the following was presented: the Mi-35P, Mi-35M and Mi-28NE attack helicopters, the Mi-26T2V heavy-lift military transport helicopter, armored vehicles on the Armata platform, the first Sosna serial anti-aircraft missile system, the Sprut-SDM1 light amphibious tank, the Nerpa unmanned attack submarine, new types of ammunition, an exoskeleton and a chameleon helmet to equip the "soldier of the future", etc.