One of the majors of Russia's defense industry, Almaz Antei designs and manufactures high-tech products for military and civilian use. It incorporates seventeen production units, design offices, and research institutes, involved with the development of anti-aircraft missiles of varied range.
The Board hopes that by following the new Guidelines, Almaz Antei will be able to boost the development of its main production assets. The idea is to turn them into modern, efficient companies, turning out competitive products for the sale on foreign as well as domestic markets. The targets set in the Guidelines include reducing, by a factor of 1.5, the time taken by the development of new types of armaments and military hardware and increasing the output twofold.
The Almaz Antei Board is set to enhance their corporation's research potential. With this aim in mind, it will establish a central R&D department converging all the anti-aircraft and anti-missile technology expertise that has been accumulated by Almaz's many research and design units to date.
Also in the plans is the establishment of a corporate fund to finance promising research projects, upgrade production capacities, develop new technologies and streamline those already in use, and raise the quality and performance characteristics of end products.
According to Almaz Antei CEO Vladislav Menshchikov, the aggregate net profit made by the corporation and its subsidiaries in 2004 had almost doubled.
