OREANDA-NEWS. In the course of the International Aerospace Salon (MAKS-2013) State Corporation 'Bank for Development and Foreign Economic Affairs (Vnesheconombank)' and OJSC Concern Radio-Electronic Technologies entered into an agreement on cooperation.

Under the agreement Vnesheconombank and OJSC Concern Radio-Electronic Technologies agree to cooperate in pursuing government policy in defence and security of the Russian Federation.

The parties intend to identify main lines of technological modernization and enhancing scientific and technical and production potential of defence industrial complex enterprises and explore the possibility of raising funds to finance projects on manufacturing advanced models of military and special equipment. The parties plan to work out joint proposals for boosting competitive edge of military products being manufactured, reducing potential risks upon implementing projects as well as for optimizing schemes for funding projects in defence industrial complex.