Rostec TsNIITOChMASh institute increase revenue by 47 percent in 2019


The Central Research-and-Development Institute of Precision Machine-Building (TsNIITOChMASh, a subsidiary of state corporation Rostec) has increased its revenue by 47%, First Deputy Director General Oleg Isakov told Russian media on February 14.


Happy new year 2020 and our best wishes for friends readers customers and family 925 001
In 2019, TsNIITOChMASh shipped 18,000 Ratnik kits in six configurations (Basic, Commander, Sniper, Machinegun Operator, Rifleman, and Crew Member) to the Land Forces (SV) and the Airborne Troops (VDV) (Picture source: Army Recognition)


"The institute’s revenue for 2019 exceeded RUB2.3 billion (USD35.3 million). This figure is 47% more than that for 2018, when the institute had earned RUB 1.59 billion (USD24.4 million)," said Isakov. According to him, the implementation of several projects allowed the institute to increase its revenues: TsNIITOChMASh was delivering the Ratnik (Warrior) combat gear and optical-electronic jammers to the Russian Armed Forces.

In 2019, TsNIITOChMASh shipped 18,000 Ratnik kits in six configurations (Basic, Commander, Sniper, Machinegun Operator, Rifleman, and Crew Member) to the Land Forces (SV) and the Airborne Troops (VDV). "The [institute’s] [State] Defense Order for 2019 has been timely accomplished to the full extent," said Rostec Director Executive Oleg Evtushenko, commenting the TsNIITOChMASh’s 2019 results.

The institute also delivered small arms and some 2,000,000 items of ammunition to its customers last year. "In 2019, TsNIITOChMASh received no deficiency reports on the malfunctioning of its small arms, ammunition, and combat gear during warranty periods of operations," said TsNIITOChMASh Head of Quality Control Service Sergei Klokov.

The Russian military is planning to adopt TsNIITOChMASh’s Udav (Boa) 9 mm combat pistol and launch its acquisition this year. Compared to legacy pistols, the Udav features much better combat performance. In early January, the Ministry of Defense said the troops would get a batch of 50 Udav pistols this year.

The institute is now upgrading its firing range, the length of which will be extended from 1,200 m to 3,500 m. According to the TsNIITOChMASh’s press department, the developers will be capable of testing advanced sniper rifles and medium-caliber cannons (up to 45 mm) at the modernized range.

TsNIITOChMASh also invests in the development of sporting weapons. In early February, the institute finished the first stage of the designing of the Aspid (Cobra) 9 mm sporting pistol. The new firearm is based on the Udav handgun, which has already passed through its initial operational evaluation and trials. Rostec is planning to launch the production of the Aspid sporting pistol in 2021.

ThNIITOChMASh is also ramping up the production of the Olymp-family 5.6 mm (.22LR) sporting cartridges.


© Copyright 2020 TASS / Army Recognition Group SPRL. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.