In the network of Farnborough 2014 airshow Radioelectronic Technologies Concern – KRET (part of Rostec State Corporation) is presented under the single brand as a world-class holding company, which completed the consolidation of its key assets, the company’s press-service noted.
“Today KRET is Russia’s largest supplier of state-of-the-art radio-electronic equipment, electronic warfare systems, civil and military avionics”, - CEO of KRET, Nikolay Kolesov, stated.
At present KRET comprises 97 organizations of the military-industrial sector, which employ about 50,000 specialists. Among the concern’s partners are: Thales, Raytheon, GeneralDynamics, BAESystems, LockheedMartin и AirbusDS.
Following the results of 2013, the KRET’s net margin was 8,5%. The holding’s total revenues reached 77,3 billion rubles. The total net profit of the company amounted to 6,6 billion rubles exceeding the 2012 indicator by more than 1.5 times.
In 2013 in the network of military-technical cooperation the concern delivered products worth almost 13 billion rubles ($370 million). KRET’s order backlog stands at 25 billion rubles. The concern delivers its products to more than 30 countries of the world, including CIS countries, Latin America, Western Europe, Africa, India and China. The company has all the competencies needed to develop and manufacture competitive avionics, EW suites and IFF equipment.