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Russia’s 11 major defense contractors yield $40.9 bln in revenues in 2014

December 14, 2015, 19:50 UTC+3 MOSCOW
According to a report on arms production and delivery published by the Stockholm International Peace Research Institute, the revenues of Russian major contractors reach 10.6% of the world arms sales
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© Donat Sorokin/TASS Archive

MOSCOW, December 14. /TASS/. Russia’s 11 major defense contractors yielded $40.9 billion in revenues in 2014, according to a report on arms production and delivery published by the Stockholm International Peace Research Institute (SIPRI) on Monday.

The revenues of 11 major Russian defense contractors grew by 48.4% in 2014, year on year, to reach 10.6% of the world arms sales, the report said.

Almaz-Antey antiaircraft missile system manufacturer remained the biggest Russian defense contractor in 2014. Its arms sales grew by $800 million from 2013 to $8.84 billion. The manufacturer’s total revenues equaled $9.208 billion, with arms sales making up 96%. Almaz-Antey climbed one notch to the 11th position in the Top-100 rating of the world’s largest defense companies. The SIPRI’s Top-100 rating gives no data on Almaz-Antey’s profits. According to SIPRI, Almaz-Antey employed 98,100 people in 2014.

The other ten major Russian defense producers in the SIPRI’s Top-100 list included the United Aircraft-Manufacturing Corporation (ranked 14th, one position up, with revenues of $6.11 billion), the United Ship-Building Corporation (the 15th position, two notches up, with revenues of $5.98 billion), Russian Helicopters rotorcraft manufacturer (ranked 23rd, an increase by three positions, with revenues of $3.89 billion), the United Instrument-Making Corporation (the 24th position with revenues of $3.64 billion; the corporation was not ranked in 2013).

The other major Russian defense contractors included the Tactical Missiles Corporation (the 34th position, 12 notches up, with revenues of $2.81 billion), the United Engine-Manufacturing Corporation (ranked 38th, two positions down, with revenues of $2.6 billion), the Precision Systems Enterprise (the 39th position with revenues of $2.35 billion; the enterprise was not ranked in 2013), the Radio-Electronic Technologies Enterprise (the 45th position, a growth by nine notches, with revenues of $2.24 billion), Uralvagonzavod armor producer (ranked 61st, an increase by 19 positions, with revenues of $1.45 billion), the Radio-Technical and Information Systems Enterprise (the 91st position, ten notches up, with revenues of $0.99 billion).

The rating also covers subsidiaries of the above companies: Sukhoi Aircraft Manufacturer, part of the United Aircraft Manufacturing Corporation ($2.24 billion in revenues), the Sozvezdiye Enterprise, part of the United Engine-Making Corporation ($1.27 billion), Irkut Aircraft Company, part of the United Aircraft-Manufacturing Corporation ($1.24 billion), the Ufa-based Motor-Manufacturing Production Association, part of the United Engine-Making Corporation ($1.17 billion), the Sevmash Shipyard, part of the United Ship-Building Corporation ($1.04 billion), the MiG aircraft manufacturer, part of the United Aircraft-Manufacturing Corporation ($1.02 billion), the Zvezdochka Shipyard, part of the United Ship-Building Corporation ($0.99 billion) and the Admiralty Wharves Shipyard, part of the United Ship-Building Corporation ($0.9 billion).

According to the SIPRI report, Russia’s Precision Systems Enterprise, Radio-Technical and Information Systems Enterprise and the United Instrument-Making Corporation have been included in the Top-100 rating for the first time.

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