25 Jun 2019 12:40

Rostec prepared for possible decline in state defense order - Chemezov

KUBINKA. June 25 (Interfax) - Russian state corporation Rostec is prepared for a possible reduction of the state defense procurement order and will increase its proportion of civilian products, corporation head Sergei Chemezov said.

"The volume of procurements remains at the same level at present, but we are prepared for there to be some possible decline in the state defense order in the future," Chemezov said at the opening of the Army-2019 forum on Tuesday.

"In light of this, we have set the task of promoting the production of civilian products by 2025, which would account for 50% of our overall revenue," he said.