2007On November 23, 2007 V.V. Putin, the President of Russia, signed the Federal Law No. 270-FZ "On State Corporation for Assistance to Development, Production and Export of Advanced Technology Industrial Product «Rostec».
On July 10, 2008, the President of Russia signed a decree on transfer of 426 enterprises to the corporation.
From the assets transferred to Rostec:
• 148 enterprises were in a pre-crisis and crisis state,
• 28 - in the stage of bankruptcy,
• 17 enterprises did not carry out their economic activities,
• 27 partially lost their property or had a significant risk of losing it.
The total debt of these enterprises made up 630 billion rubles. The enterprises had destroyed production chains, worn out fixed assets and an acute need for effective management.
The State Corporation's revenue amounted to 511 billion rubles, tax payments to the budgets of all levels - 62 billion rubles, the output per worker did not exceed 1 million rubles.
The State Corporation's revenue amounted to 6.33 billion rubles, tax payments to the budgets of all levels - 76 billion rubles, the consolidated financial result of the corporation's organizations became positive for the first time, net profit for the year amounted to 15 billion rubles.
For two years, Rostec's revenue grew by 60% - up to 817 billion. For comparison: increase in industrial production in Russia over the same period amounted to 15%. The output per worker almost doubled.
The Supervisory Board of the Corporation made a decision to optimize the structure of Rostec and reduce the number of holdings to 13. In particular, Concern "Radioelectronic Technologies" gained assets of Holding "Aviapriborostroyeniye", Holding "High-Precision Complexes" - assets of the Design Bureau of Machine Building, and Holding "RosElektronika" - assets of "Sirius" and "Orion".
At the end of the year, Rostec's revenue amounted to 931 billion rubles, net profit - 38.5 billion rubles, export revenue reached 225 billion rubles, the state defence order - 196 billion rubles. Investments in R&D and modernization of production have more than doubled since 2009 and amounted to 75 billion rubles in 2012. The indicators of average wages at Rostec's enterprises increased significantly.
On December 21, 2012, it was announced about rebranding of Rostec. The corporate identity was changed, a new logo and the slogan "Partner in Development" were presented.
A number of large-scale projects were launched, including in minilng of rare earth metals and production of composite materials. It was possible to increase a portfolio of international contracts and expand the geography of export of products. The Corporation's revenue amounted to 1 trillion rubles, net profit - 40 billion rubles.
The Corporation included the Radio Engineering Concern Vega, Concern Sozvezdie, Concern Automatics and Control Systems.
The first stage of the corporate governance reform was completed: updated boards of directors were formed with the participation of independent directors, and updated model charters of the Corporation's holding companies were developed and approved.
Consolidated revenue amounted to 964.5 billion rubles, consolidated profit - 33.9 billion rubles, output per worker - 2.176 million rubles.
The Supervisory Board of the State Corporation has approved the Development Strategy until 2025. The main task is to change the Russian economic model by increasing a share of advanced technology civilian products and non-primary exports. The new strategy contains 5 key elements: aggressive growth, entering new markets, operational efficiency, partnership with key market players, a mechanism for implementing strategy.
Consolidated revenue amounted to 1.14 trillion rubles, consolidated profit - 99 billion rubles, woutput per worker - 2.564 million rubles.
For the first time, the cost of Rostec's brand has been evaluated which according to Assessa makes up 31.2 billion rubles and is included in the top 15 most expensive in Russia.
The fourth industrial revolution presupposes massive informatization not only of industry but of all aspects of human life. That is why the Corporation's forces are concentrated on the creation of "smart" systems. Complex products with high added value are being developed - "Smart City", "Industrial Internet", telemedicine, online-education.
Consolidated revenue amounted to 1.266 trillion Rubles, consolidated profit - 88 billion rubles, output per worker - 2.793 million rubles.
The Corporation has managed to achieve a lot during the first decade of one’s existence despite a difficult macroeconomic situation and new geopolitical challenges. Today, Rostec keeps on demonstrating stable growth and looks confidently to the future.
The value of the Corporation’s assets in 10 years has increased from 1 trillion rubles to 3 trillion rubles. The civilian production has gone up by 10% since the Corporation establishment or almost 4 times in absolute terms. The overall revenue of the entire State Corporation grew from 511 billion rubles in 2009 to almost 1.5 trillion rubles in 2017. Its products are exported to 70 countries. The military goods export volume that was about US$ 6 billion at the start has grown to US$ 13 billion in 2017, which is a two-fold increase in 10 years.