Photo by Anton Tushin
The portfolio of civil orders for the radio-electronic cluster (REC) of the Rostec State Corporation in the first half of 2019 reached 78.6 billion rubles. The share of civilian products in the total revenue structure grew to 25 percent, exceeding the figure for the same period of the previous year by 5 percent.
It is expected that the consolidated civilian revenue of REC enterprises is to exceed the mark of 70 billion rubles, according to the results of 2019, which is confirmed by the current contracting levels for civilian products at the level of 95 percent of the annual plan. The primary growth is achieved through the implementation of complex infrastructural projects that include equipping healthcare facilities with medical equipment, introducing smart city technologies in Russian regions.
“The high-tech electronic products sector is growing faster than the economy as a whole. It is logical that the electronic cluster is becoming one of the main growth drivers of the State Corporation. Sales of our civilian products grew by 55 percent and reached 67 billion rubles in 2018. This positive trend continues, the portfolio of civil orders exceeded 78 billion rubles, including a substantial formulated reserve for 2020. The current share of civilian revenue in the sales structure is 25 percent, our targeted benchmark is 60 percent by 2025”, said Sergey Sakhnenko, Rostelech industrial director of the electronic cluster.
The total portfolio of cluster orders in the year’s first half amounted to 280 billion rubles, including the contracts in the field of state defense orders and exports. The consolidated revenue for the year is projected at more than 300 billion rubles.
