The Rosoboronexport Board of Directors summed up results of 2005 at a meeting, convened on 15 February 2006. In 2005 Rosoboronexport exported in excess of US $5.2 billion's worth of defence products.

Thus, arms and materiel exports have exceeded the all-time high in Russia's latest history for the third year in a row. The Board emphasised that the Corporation had managed to exceed the plan by almost US $1 billion by fulfilling the so-called ‘short-term’ contracts qualitatively and on time.

The Corporation increased its contracts portfolio thanks to its task-oriented marketing. Just in 2005 alone the overall cost of contracts signed amounted to over US $9 billion. This will provide national defence enterprises with enough workload for the next five years. The Board pointed out that Rosoboronexport paid equal attention to both big-ticket and ‘smaller’ contracts, worth from several thousand to several million dollars, in the course of preliminary work preceding the signing of a contract.

India and China remained Russia's major strategic partners in the sphere of military-technical cooperation in 2005. At the same time last year the Corporation continued expanding the scope of its arms exports. It promotes cooperation with such promising partners in South East Asia as Malaysia, Indonesia, and Vietnam. Rosoboronexport also continues securing its positions in Latin America and North Africa. The Corporation has managed to conclude a contract on delivering defence products to Morocco, for the first time in Russia's history.

The 2005 arms and defence equipment sales featured a considerable increase in naval materiel exports up to over 52%, while aircraft exports accounted for about 44%. Special attention was paid to spare parts deliveries and modernisation programmes. The Corporation has established a special division to this end.

The Board also discussed key issues, facing the Corporation in 2006.

Rosoboronexport
28.02.2006