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April 19, 2015 6:14 PM ET

Aerospace and Defense

Company Overview of Russian Technologies State Corporation

Company Overview

Russian Technologies State Corporation, through its subsidiaries, develops, manufactures, and exports high technology industrial products for civil, military, and dual-purpose markets in the Russian Federation and internationally. It provides electronic warfare means, IFF systems, radio measuring instrumentation, and demountable connectors and the goods of civil purpose; combat automatic and sniper’s weapons, guided projectiles, and civil products; and optoelectronic systems, military and civil systems, optical materials, medical devices, and energy-saving lighting technologies. It provides aviation units, power supply systems, and parachute systems; products in the field of communications t...

24, Usacheva str.

Moscow,  119048


Founded in 2007


7 495 287 2525

Key Executives for Russian Technologies State Corporation

Chief Executive Officer, Director and Member of Supervisory Board
Age: 62
Chief Executive Officer of Rosoboronexport
Age: 68
Chief Executive Officer of Oboronprom
Age: 46
Chief Executive Officer of Russian Helicopters
Age: 53
Deputy Director General and Member of Managing Board
Age: 62
Compensation as of Fiscal Year 2014.

Russian Technologies State Corporation Key Developments

Rostec Plans to Reduce its Staff by Half by September 1, 2015

Rostec plans to implement measures for the optimization of its administrative personnel. This will raise the wage average in the Corporation, thus bringing Rostec to the market wage rates and making it competitive in terms of fighting for talents with private companies. Redundancies among the administrative staff will allow the leadership to change the management processes of the Corporation's subsidiaries: it will decrease decision-making time and provide for a more clearly and transparently built process for management decisions to transition from the Corporate Center to the holding companies. Currently, the share of the administrative and management staff of Rostec and its organizations amounts to 18% of all employees (85,000 people) with the standard being 5-10% (this standard was determined by the analysis of activity of the large global corporate competitors). Therefore, the plan is to reduce the staff by half. The first step is the optimization of the staff of the Central Office of the Corporation. By September 1, 2015, the Corporation plans to reduce its staff by half (the average number of staff of the Central Office for 2014 is 620 persons). This will become an example for further optimization of the organizations of the Corporation. Basic optimization is planned for 2015-2016. The redundancy plan does not involve engineering employees working at production facilities (masters, heads of workshops, technicians).

Russian Technologies State To Reportedly Acquire Stake In Union Card Payment System

Russian Technologies State Corporation intends to acquire 25% plus one share in the Tolyatti-based (Volga) Union Card payment system and later on increase its stake, sources said.

Rostec Mulls IPO In Major Companies

Russian Technologies State Corporation (Rostec) is looking for initial public offerings in Shvabe Open Joint-Stock Company, JSC Concern Radio-Electronic technologies, Public Stock Company VSMPO-AVISMA Corporation and Open Joint Stock Company Russian Helicopters. "Such holdings as Avisma (MOEX: VSMO), Helicopters of Russia (MOEX: VERR), Schwabe and Radio-electronics Technologies are ready for an IPO, but the current economic situation is not conducive to this," said Sergei Chemezov, Chief of Rostec to reporters in Abu Dhabi.

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