Russia to Establish Aerospace Defence Concern

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The creation of Russia’s Aerospace Defence Concern will significantly boost the scientific and technological development in this area. This came in a statement by RTI Director General Sergey Boev.

According to Mr. Boev, the new concern will become a serious player in the international arms market and one of the leaders in the field of aerospace defence systems.

“The Russian President issued a decree and gave an opportunity to establish a concern so that it was effective not only in terms of solving the main problem, but also from a business perspective and in terms of development of science and technology in the country,” the official noted.

“The new concern should be created in the short run,” Mr. Boev added without specifying the role of RTI in the new concern.

“Of course, our company will be included into the Aerospace Defence Concern. However, its final configuration has not been determined yet,” Mr. Boev concluded.

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Posted on February 18, 2015, in Defence Industry News. Bookmark the permalink. Leave a comment.

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