The Russian Rosoboronexport arms trader has become a world leader in the supplies of armaments and military hardware in the past 17 years by exporting products worth over US$ 140 billion, the press service of the company said.

Rosoboronexport booth at Defense and Security Thailand 2017 exhibition in Bangkok.

"We report good foreign trade results and the national leadership noted our successes. Russian President Vladimir Putin awarded 34 employees of Rosoboronexport in 2017 for a major contribution to the development of military-technical cooperation with foreign countries," Rostec State Corporation CEO Sergei Chemezov said.

In 2017 Rosoboronexport considerably expanded the export geography of Russian arms and hardware and increased the range of military and dual-purpose products supplied to foreign customers. The arms trader actively cooperates with over 50 countries and the list will expand by the end of 2017 despite dishonest actions of competitors on the global arms market.

"As for today the portfolio of orders of Rosoboronexport comprises close to 45 billion US dollars which confirms high competitive performance of the Russian defense products in global format. A major part of the portfolio goes to contracts for the purchase of Russian high-tech systems, mostly aircraft and air defense means. Besides, Rosoboronexport develops new segments, expands exports of civilian and sport weapons, produces turn-key national-level security systems which engage the latest information security means.

Rosoboronexport became a success driver for hundreds of Russian enterprises and an irreplaceable assistant which enjoys government support and respect of foreign partners and has accumulated modern marketing technologies and competences in decades," said Rosoboronexport CEO Alexander Mikheyev.

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