Rostec Reports Over $2 Billion Net Profit and $26 Billion Revenue in 2018
Rostec State Corporation achieved a net profit exceeding $2 billion in 2018, with total revenue reaching $26 billion. The company's performance highlights its significant role in diversifying production and increasing civilian product sales, which is vital for the defense sector's adaptability amid changing market demands.
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In 2018, Rostec State Corporation reported a net profit of over $2 billion, with total revenue of $26 billion. The company fulfilled the State Defense Procurement Order by 99.6% and increased the share of civilian products in its revenue to 30%, up by 1.5 percentage points.
Export of Russian weapons reached $13.7 billion, contributing to a foreign orders portfolio of $55 billion. Rostec also initiated the management transfer of United Aircraft Corporation to enhance its aviation cluster, projected to generate over $15.8 billion in revenue annually.
The recovery of Uralvagonzavod demonstrated effective asset rehabilitation, reducing losses significantly. This growth trajectory indicates Rostec's strengthening position in both military and civilian sectors.
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