According to the Decree of the President of the Russian Federation and the government order, dozens of enterprises including plants, R&D and production associations, design bureaus and R&D institutes were merged into a single group – “Almaz – Antey” Air Defence Corporation, JSC. Those companies were involved in development and production of short-, medium- and long-range air defence missile systems, main types of radar reconnaissance equipment and automatic control systems. Yu. M. Svirin became the first General Director of the Corporation to be replaced by I. M. Klimov since December, 2022.

In June, A.V. Zaitsev began to act as CEO, and in September, V.V. Menshikov was elected CEO of the Concern, and he headed the holding until March 2014.

It included more than 60 enterprises from 18 regions of the country. The Board of Directors of the new integrated structure was headed by Assistant to the President of the Russian Federation V.P. Ivanov.

The concern became the first large holding created within the framework of the Federal Target Program "Reform and Development of the Defense-Industrial Complex" (2002-2006). It was assigned the function of a pioneer in solving the problems of forming share capital and a corporate management system.

Participation in the creation of joint ventures (organizations) with foreign customers engaged in the maintenance, repair and disposal of military products, the creation and additional equipment of facilities on the territory of foreign states that provide comprehensive service maintenance.