The Concern has fulfilled more than 40 military-cum-technical cooperation contracts and increased the civilian products output by 45%

Techmash Concern has summed up the results for 2017. More than 40 military-cum-technical cooperation contracts were fulfilled and a 45% increase in civilian production output was recorded during the reporting period.

For instance, the Concern delivered all the main targets under the State Defense Order, fulfilled more than 40 military-cum-technical cooperation contracts, and decreased the number of toxic assets almost by half. Eight federal target programs and ten restructuring projects have also been completed in 2017.

The annual volume of civilian goods production went up by 45%. It was RUR 11.2 billion last year against RUR 7.7 billion in 2016. New civilian products including drilling equipment and refrigerators, have been designed and put into batch production by the holding facilities as part of the Rostec overall strategy implying a 50%, increase of civilian products share by 2025.

Science-cum-production Concern "Techmash" was founded by the Rostec State Corporation in 2011. The Techmash holding structure includes 36 enterprises of the ammunition industry. Highly effective models of military hardware manufactured by the Techmash holding are used in more than 100 countries around the world.

The scope of the Concern affiliates civilian production encompasses the fossil and power production complex equipment, industrial and medical refrigeration equipment, agricultural machinery and consumer goods.