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State corporation "Rostegh" plans joint production with China in the field of equipping of airports
The state corporation "Rostec" plans joint production with China in the field of equipping airports, an agreement on cooperation was concluded within the framework of the international aerospace show "Airshow China-2014" in Zhuhai, the press service of "Rostec" reported.
"Rostec's holding company Ruselectronics and LES have agreed on the joint participation of the subsidiary Azimut OJSC and Chinese companies in projects to equip civil and military airports," the state corporation said.
It is planned to open in China a joint production of instrumental landing systems, automatic radio direction finders, rangefinder navigation systems, radio beacons and data transmission radio stations. In the future, the production of radar systems can be organized on the territory of Russia, allowing aircraft pilots and dispatchers at the ground point to "see" the traffic of aircraft movements with greater accuracy.
State Corporation Rostec is a Russian corporation established in 2007 to promote the development, production and export of high-tech industrial products for civil and military purposes. It includes about 700 organizations, of which 9 holding companies are currently formed in the military-industrial complex and 5 - in civilian industries. Rostec organizations are located on the territory of 60 constituent entities of the Russian Federation and supply products to the markets of more than 70 countries. Rostec's revenue in 2013 amounted to RUB 1,04 trillion, net profit - RUB 40 billion. Tax payments to the budgets of all levels exceeded 138 billion rubles.