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Rostec (Ростех) | |
Native name | Государственная корпорация «Ростех» |
Romanized name | Gosudarstvennaya Korporatsiya "Rostekh" |
Formerly | Rostekhnologii |
Company type | State corporation |
Industry | Conglomerate (ISIC: 6420) |
Founded | 23 November 2007 |
Founder | Vladimir Putin by signed law[1] |
Headquarters | , |
Area served | Worldwide |
Key people | Denis Manturov (Chairman) Sergey Chemezov (CEO) |
Revenue | ![]() |
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Owner | Federal Agency for State Property Management |
Number of employees | 453,000[4] (2016) |
Divisions | Aircraft, Electronics, Armament |
Subsidiaries | See § Organization |
Website | www |
Rostec (Russian: Ростех, romanized: Rostekh), formally trading as State Corporation "Rostec" (Russian: Государственная корпорация «Ростех»), fully the State Corporation for the Promotion of the Development, Manufacture, and Export of High Tech Products "Rostec" (Russian: Государственная корпорация по содействию разработке, производству и экспорту высокотехнологичной промышленной продукции «Ростех») and formerly Rostekhnologii (Russian: Ростехнологии, lit. 'Rustechnology'), is a Russian state-owned defense conglomerate headquartered in Moscow.[5]
Established in 2007, the organization comprises about 800 enterprises, which together form 15 holding companies:[6] eleven in the defense-industry complex and three in civil sectors. Rostec's organizations are located in 60 constituents of the Russian Federation and supply goods to over 70 countries worldwide.[7][8]
The organization is headed by Sergey Chemezov, appointed to the position by Russian President Vladimir Putin.[9][10] The 2014 EU sanctions listing for Chemezov describes how Rostec subsidiaries supported Russia's annexation of Crimea.[9][11]
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