Russian arms manufacturers have increased the production of artillery guns and their ammunition by upto ten times in 2023 over 2022, marking the biggest increase since the start of the Ukraine war.
Rostec CEO Sergey Chemezov presented the company's 2023 performance to Russian President Vladimir Putin. Rostec's consolidated revenue grew by nearly 34%, reaching 2.84 trillion rubles. Despite low-profit state defense contracts yielding about 2% profitability, net profit increased by 54%, totaling 60.1 billion rubles.
Rostec also increased the production of civilian products, with revenue from these sales rising by 5.5% to 993 billion rubles. However, the share of civilian products in total revenue dropped from 44.5% to 35% due to the surge in state defense orders.
The corporation's investments in 2023 reached a record 527 billion rubles, up from 292 billion in 2022, primarily allocated to modernizing and expanding production capacities. Rostec maintains a high fulfillment rate of state defense orders at 99.5%, meeting all equipment requirements for operations in Ukraine.
In 2023, the Russian Ministry of Defense received new aircraft, including Su-34, Su-57, Su-35S, Il-76MD-90A, and Yak-130 models, as well as Mi-28NM and Ka-52M helicopters, and T-90M Proryv tanks. Rostec also supplied modernized BMP-3 and BMP-2 infantry fighting vehicles, self-propelled howitzers, and various missile weapons, including hypersonic "Kinzhals" and "Iskanders". Additionally, the State Corporation produced a large number of unmanned aerial vehicles (UAVs), including reconnaissance, attack, and kamikaze drones.
Specifically, in 2023, the production volumes of self-propelled artillery increased tenfold compared to 2022. Ammunition production saw a significant rise, with the output of rounds for tanks and infantry fighting vehicles increasing nearly ninefold and other ammunition increasing multiple times.
The output and major repairs of light armored vehicles and tanks also rose significantly. Compared to 2022, the production and major repairs of light armored vehicles tripled, while tank production and repairs increased by 3.5 times. Rostec employees repair equipment in border zones and often directly on the battlefield, utilizing 250 repair teams comprising about 1,000 personnel in the Special Military Operation (SVO) zone.
In 2023, Rostec shipped the first batch of 152-mm Malva wheeled self-propelled artillery guns, which are mobile, can automatically fire all types of ammunition, and operate in a simultaneous fire raid mode. The latest UAV "Supercam" has been developed and is being supplied to the troops, available in both reconnaissance and kamikaze versions, featuring protection against electronic warfare. These drones are actively used in the SVO zone.
Furthermore, deliveries of high-precision strike systems with "Kub" UAVs continue. This unmanned system is designed to destroy remote ground targets with features like hidden launch, high accuracy, noiseless operation, and ease of use.
Sergey Chemezov also reported ongoing development of a remotely controlled robotic wheeled vehicle for the army, intended for delivering ammunition, transporting cargo, and charging radio stations and quadcopters.