File - Russian Prime Minister Vladimir Putin, left, and state holding company Russian Technologies' head Sergei Chemezov, holding glasses after signing a deal in Moscow, Russia. (AP Photo/RIA-Novosti, Alexei Druzhinin, Pool)
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Rostec, previously known as Russian Technologies, will book over 1 trillion rubles ($27.5 billion) in revenue for last year, up from 931 billion rubles in 2012, according to Chemezov.The U.S., which awarded Rosoboronexport a $572 million helicopter contract last year, said last week that it was putting on hold joint military engagements with Russia. The initial 437 had a loss of 61 billion rubles in 2009, when Russia's economy contracted 7.8 percent.Rostec holds stakes in some 663 companies and counting.About 116 billion rubles, more than a third of Rostec's three-year, 332.6 billion-ruble investment program, will go toward overhauling truck producer OAO KamAZ and OAO AvtoVAZ, Russia's biggest automaker, in which Renault-Nissan bought a controlling stake last year.Rostec may increase its stake in KamAZ, part owned by Daimler AG, from the 49.9 percent it currently holds, according to Chemezov. Last year, Chemezov ventured into consumer goods with the Yotaphone, which he described as a "100 percent Russian invention".
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