Institutional Arrangements and Processes Rotation of Assets of Defense Industry Corporation

Abstract

The article assesses the place and role of institutional design in the processes of consolidation and restructuring of the assets of defense industry companies (defense industry complex), discusses the possibility of adjusting measures aimed at activating the activities of defense companies in the context of growing geopolitical tensions, forms and methods of effective institutional management of the process of modernization of the main economic entities of the defense industry: Rostec State Corporation, Roscosmos State Corporation, United Shipbuilding Corporation (USC), etc. Its scientific novelty consists in the development of a comprehensive view of the institutional design of the processes of consolidation and rotation of the assets of defense companies in the context of the ongoing sanctions regime. Among the directions of changes in the institutional structure for the development of defense companies are analyzed: the creation and dissemination of common requirements (universality and compatibility) to the processes of design and production of products; the emergence of new leasing programs for technological equipment for various industries with preferential treatment; improving the system of publicprivate partnership (PPP) in certain dominant areas of development (microelectronics, IT-technologies); participation of defense industry companies in investment projects in special economic zones (SEZ) and territories of advanced development (TOP); localization of production within the framework of import substitution; updated approaches to the financial recovery of defense industry enterprises against the background of the preparation of large-scale changes to the bankruptcy law; maintaining a favorable institutional background in the M&A market for defense enterprises, etc.