KRASNOARMEYSK, September 30 (RIA Novosti) - Some 90 percent of equipment and materials used by Russia's largest arms manufacturer, Machine Engineering Technologies, is domestically produced, the company's CEO Sergei Rusakov said on Tuesday.
"Our localization is 90 percent. We are able to produce everything within Russia," Rusakov told reporters.
Russian arms manufacturers are still interested in cooperating with foreign colleagues, he noted.
According to Rusakov, Russia has "considerable experience in developing new weapons from scratch", which "makes it possible to set up joint ventures abroad". "What the market demands is what we are making a bet on," he said.
"We are also ready to create service centers, accept orders for pilot construction work," Rusakov added.
OJSC Machine Engineering Technologies is a major Russian holding company. Its product range includes precision-guided munitions and artillery rounds, multiple rocket launchers and small-caliber ammunition.