Radioelectronic Technologies Concern reoriented toward Asia

The Radioelectronic Technologies Concern of Rostec has switched contracts and found partners in South Korea and China, said deputy director general of the concern Igor Nasenkov, ITAR-TASS reports.

The company has to change about 1-2 suppliers and 10-15 machines. 140 billion rubles will be spent on modernization of the concern according to its development strategy until 2025.

Three directorates will be formed in the concern: KRET-Avionics (development of integrated air systems for aircraft), KRET-Electronics (electronic systems) and KRET-Security (safety systems).

The state arms program expires in 2020, so the strategy will reduce dependence on government orders. The concern will produce more civil products mainly for RR, Roscosmos, Rosneft and Transneft. Its income should increase to 330 billion rubles annually in 2025.

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