Russia’s Sosvezdie among Top 100 Arms Manufacturers

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The Stockholm International Peace Research Institute has included Russia’s Sosvezdie in the world’s largest 100 arms manufacturers. The Concern took the 89th place in the ranking. This information was presented by the Stockholm International Peace Research Institute in its annual report.

The company announced consolidated sales revenue of 36.3 billion rubles in 2013, 24% more than in 2012. Revenue from sales at the lead company in the group totaled 13.6 billion rubles, 36% more.

“In 2014, the Concern continues its development. As a result, the Concern is likely to see a twofold increase in its production and profit,” Deputy Director General of the United Instrument-Making Corporation Sergey Skokov commented on the issue.

It should be noted that Sosvezdie specializes in developing and manufacturing intelligent control and communication systems, electronic warfare systems and special equipment, civil and telecommunication products.

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Posted on December 23, 2014, in Defence Industry Events, Defence Industry News. Bookmark the permalink. Leave a comment.

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