23 Nov 2017 21:19

Defense Ministry expecting contract execution rate of just over 97%

SOCHI. Nov 23 (Interfax) - The Russian Defense Ministry is expecting the rate of contract execution within the state defense order to exceed 97% by the end of 2017.

"We are predicting a figure, by the end of the year, to be approximately, no worse than last year's, even maybe slightly better, slightly more than 97%. I am afraid to give you an exact figure right now, but it will be over 97%, guaranteed," Deputy Defense Minister Yury Borisov told journalists after the Russian president's meeting with top defense officials and industry executives.

Today one could say that the main contracting stage is over, with "over 98% planned commitments now contracted," he said. "Moreover, by now around 92% of core models of weapons of the so-called 'presidential line' and around 87% of all other models, including ammunition, have been delivered. Not a bad figure by November 20," Borisov said.

Everything is going to plan, although there have been disruptions, he said. "It is on these disruptions where the bulk of work was carried out, with defense companies reporting reasons which led to disruptions in contract execution and specific ways outlined of how to rectify the situation," Borisov said.

"In fact this is a never-ending process, as they say, of struggling to fulfill what was planned earlier. Life is life, and reasons vary," Borisov said.

After meetings similar to those the president holds with defense industry representatives, the dynamics of contract execution change completely, with non-execution rates dropping noticeably, he said.