Rosoboronexport sales increase to $13 bn

Russian state arms export agency Rosoboronexport’s sales are likely to have risen to about $13 billion stated Sergei Chemezov, CEO of Rostec state corporation, in December 2016. Rosoboronexport is part of Rostec, which owns a number of defence firms in Russia. The total backlog of orders is presently valued at some $45 billion. Meanwhile, Rostec State Corporation, has appointed Alexander Mikheev as CEO of JSC Rosoboronexport (in photograph).