Russia is paying particular attention to developing aerospace defense systems, he noted.
"We heard figures indicating that the Russian Aerospace Forces will soon receive more S-400 systems. The S-500 will soon finish state tests and enter service," Korotchenko said following the board meeting of the Russian Defense Ministry on Friday.
The S-500 Prometey, also known as 55R6M Triumfator-M, is a cutting-edge anti-aircraft and anti-ballistic missile system currently under development in Russia.
The long-range system, designed by Almaz Antey, is said to have a range of 600 kilometers (more than 370 miles). The system could simultaneously intercept up to ten ballistic missiles traveling at a speed of 5 kilometers per second.
"The S-500 missiles will be used only against the most important targets, such as intercontinental ballistic missiles, AWACS and jamming aircraft," Military Today noted.
Earlier reports suggested that the S-500 surface-to-air missile system will enter service in 2017. The Russian Armed Forces are expected to purchase ten S-500 battalions.