Almaz-Antey


JSC Concern VKO "Almaz-Antey" is a Russian state-owned company in the arms industry, a result of a merger of Antey Corporation and NPO Almaz, unifying some of the national military enterprises, in particular, the developers of anti-aircraft defence systems. The organisation is headquartered in Moscow and is the world's 8th-largest defence contractor measured by 2017 defence revenues. In 2017, Almaz-Antey had arms sales of $9.125 billion.
The Almaz-Antey group produce air defense systems, firearms for aircraft and armored vehicles, artillery shells and surface-to-surface missiles, airspace surveillance and coordination and artillery radars. The Group also manufacture civilian products such as navigation systems, air traffic systems, civil airtraffic- and weather radars, sewage cleaning systems, ventilation valves for nuclear power plants, and plastic packaging for cosmetics and food products.

History

Almaz-Antey was founded in 2002 by Presidential Decree 412 of the Russian President.
In 2003 the Director General of Almaz-Antey, Igor Klimov was shot dead. A criminal investigation found his death was linked to a property revision inside the company.
The current Board is headed by Viktor Ivanov, Director General; Vladislav Menshikov, Chief Designer; and Anatoly Savin.
In February 2015 the President of Russia signed a Decree to rename JSC Concern PVO "Almaz-Antey" to Concern VKO "Almaz-Antey", and to increase its capitalization. 'PVO' means Protivo-Vozdushnaya Oborona - air defence forces, the Russian name for the Soviet Air Defence Forces branch of the Soviet and Russian military. 'VKO', the Russian Aerospace Defence Forces, was the branch of the Armed Forces of the Russian Federation responsible for air and missile defence, and the operation of Russian military satellites and the Plesetsk Cosmodrome. In August 2015, the Russian Aerospace Forces was created, and includes both the Air Force, and the Aerospace Defence Forces.

Structure

Companies of the holding as of September 2014:
On 16 July 2014, the Obama administration imposed sanctions through the US Department of Treasury's Office of Foreign Assets Control by adding Almaz-Antey Concern and other entities to the Sectoral Sanctions Identifications List in retaliation for the ongoing Ukrainian crisis, annexation of the Crimean Peninsula by the Kremlin, and the Russian interference in Ukraine.