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Rostec CEO sees China as “strategic partner”

Russia’s state-owned defense conglomerate Rostec sees China as a “strategic partner”.

Rostec chief executive, Sergey Chemezov, says the group has expanded cooperation with China, from exporting aircraft and engines to jointly researching on advanced weapons and equipment.

SOUNDBITE: (RUSSIAN) SERGEY CHEMEZOV, Rostec CEO
“With regard to production, we are very much interested in the joint development of heavy lift helicopters, and are seeking inter-governmental cooperation.”

Chemezov says, firms under Rostec are cooperating with Chinese companies to do R&D for heavy lift helicopters and wide-body aircraft, which have become strategic cooperation projects between Russia and China.

They hope the aircraft could, in the future, take a significant portion of the international market, apart from increasing trade between the two countries.

Rostec, founded in 2007, is a state corporation that promotes production and export of high-tech industrial products for civil and defense sectors. It brings together more than 700 entities.

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