Rostekhnologii is a Russian state corporation established in late 2007 to facilitate development, production and export of hi-tech industrial products for civilian and military purposes. Full name: State Corporation to Facilitate Development, Production, and Export of Hi-Tech Industrial Products "Rostekhnologii".
On November 23, 2007, President Putin signed an order establishing the state corporation "Rostekhnologii", which the State Duma passed on November 9.
The corporation has united enterprises of the Russian industrial defense complex. The structural core of the corporation is the concern Rosoboronexport. Rostekhnologii has been established to facilitate development, production, and export of hi-tech industrial products by supporting Russian industrial R&D organizations and manufacturers in the international market, creating sales channels for hi-tech industrial products, intellectual products, services, and information, attracting investment in the defense and industrial defense complexes.
The principle of forming the capital of Rostekhnologii is direct transfer of shares to the open joint-stock company with state participation. Sergei Chemezov has been appointed the corporation's CEO.
In March 2008 it became known that the company intends to acquire blocks of government shares in several major Russian aviation companies. The company established as a result of such consolidation may surpass Aeroflot in terms of combined volume of transportation in the domestic market.