Rosoboronexport’s order portfolio in 2023 exceeded $55 billion – Kommersant
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By the end of 2023, Rosoboronexport’s order portfolio exceeded $55 billion, which was a record for 23 years, said company CEO Alexander Mikheev. He clarified that last year the state-owned company held 16 exhibition campaigns in Russia and abroad, showing more than 800 samples of Russian military equipment.
“As for financial results, we fully met our targets, and the order portfolio reached a record volume in the 23 years of the company’s operation and amounted to more than $55 billion,” he said on the sidelines of the World Defense Show 2024 in Riyadh (quote from TASS) .
Mr. Mikheev saidthat last year the share of exports of military products from Russia to African countries exceeded 30% of the total volume of Rosoboronexport supplies. It was expected that the amount of contracts with African countries at the end of the year would exceed $5.2 billion. In December, at the board of the Ministry of Defense, President Vladimir Putin statedthat the supply of weapons to the Russian army has tripled compared to 2022.
Read about the extent to which the economic growth of the Russian Federation can be ensured by the defense industry in the Kommersant article. “Military-industrial overheating”.
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