"The majority of enterprises fulfill the tasks of the state defense order on time, and for a number of items even ahead of schedule," Putin said at a meeting with the leadership of Russian defense industry enterprises.
Production volumes in the defense industry have increased over the past two years, including more than a 22-fold increase in missile and artillery weaponry, 15-fold in electronic warfare and 14-fold in ammunition, the president said.
"This is a good pace, a large volume. I would like to thank you and your teams for tackling such tasks, large-scale tasks," he added.
It is important that the industry continues to increase the steady supply of the Russian armed forces with modern high-tech weapons and equipment, including unmanned, aviation and ground-based systems, high-precision weapons, and electronic warfare equipment, Putin said.
Despite the success, Russian leader urged defense industry enterprises to focus on building an efficient economy of the Russian armed forces.
"As I have mentioned before, it is important to build an efficient economy of the armed forces today. We all realize that with such expenses, the economy of the armed forces, which is part of the economy of the entire country, must be built accordingly, so that every state ruble works efficiently," Putin said.
Funds should not only be effectively spent on the needs of the armed forces, but should fit into the economy as a whole, he added.