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State Corporation "Rostegh" signed with China a number of agreements at the international airshow "Airshow China-2014"
Rostec Deputy Head Nikolai Volobuev said that cooperation with Chinese corporations implies mutual assistance in the development, production and export of high-tech industrial products, trade and investment.
The state corporation "Rostec" at the international aerospace show "Airshow China-2014" concluded a number of agreements with China in the field of radio-electronic technologies, the aviation industry and the space industry, the press service of the state corporation reports.
“We have reached a new level of interaction with Chinese partners in aircraft manufacturing, helicopter manufacturing, engine building, production of aviation materials, avionics, space industry and a number of other areas. Cooperation with Chinese corporations implies mutual assistance in the development, production and export of high-tech industrial products, trade and This opens up a wide range of opportunities for Rostec enterprises and will facilitate confident entry into new international markets, "the press service of Rostec Deputy Head Nikolai Volobuev said.
In total, 4 documents of a practical nature were signed: with the Chinese aviation industry corporation Aviation Industry Corporation of China (AVIC), the Chinese Aerospace Science and Industry Corporation (CASIC), as well as subsidiaries of China Electronics Technology Group Corporation, the largest Chinese corporation in the field of radio electronic technologies - CETC International (CETCI) and Nanjing LES Information Technology (LES).
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.