Russian defense orders in 2017 will reach their maximum level

Russian President Vladimir Putin said that orders from the national defense industry will reach a maximum level in 2017. He noted that companies should consider converting and diversifying production during this period.

He noted that the defense industry has begun to produce competitive equipment for civilian purposes. “You have to think about it today and take the necessary measures,” Putin said. Therefore, the further development of mechanical engineering and machine-tool building should be aimed at expanding the production of high-quality products for various sectors of the economy.

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Russia last year exported arms worth $ 14.5 billion. “The total volume of production of defense industry goods increased by almost 13 percent,” Putin said, quoted by the RBC portal. According to him, when it comes to the export of weapons, Russia ranks second in the world after the United States.

The Russian President also noted that labor productivity in the defense industry in Russia has tripled compared to 2007. “This is a real record among the sectors of the national economy,” he said. Putin said that at the end of March, the portfolio of Russian arms export orders exceeded $ 56 billion, and the value of contracts signed in 2015 exceeded $ 26 billion. He then pointed out that the value of the contracts exceeded the record level of 2013. Adviser to the President of the Russian Federation Vladimir Kozhin noted that the demand for Russian weapons increased after the Russian military operation in Syria. Because, Russian weapons showed their best.