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Russian Arms Exports Grow By 800 Million Dollars In 2009
Moscow (RIA Novosti) May 28, 2009
Russian arms exports are expected to increase by $700-$800 mln in 2009 despite the global credit crunch, state arms exporter Rosoboronexport said on Wednesday.

"Rosoboronexport sells an additional $700-800 million [worth of weaponry] every year. Despite the crisis, 2009 will be no exception," company official Valery Varlamov said.

The arms export monopoly sold $6.75 billion worth of arms in 2008, and earlier said its defense order portfolio was worth $27 billion.

"We could have signed deals worth a total of $50 billion, but we did not do this, and settled for $27 billion. We believe this figure is realistic," the official said.

Combat aircraft have a 50% share in sales of Russian weaponry, followed by air defense systems, military equipment for ground forces, and naval equipment.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu May 28th, 2009 at 04:22:21 PM EST
[ Parent ]
According to articles I read a few months back, China is also raising their levels of military (especially naval) spending.

Russia is actually downsizing and reorganizing it's armed forces following the American model of a smaller, more highly trained and better equipped force. Which, frankly, was needed. The lack of professionalism, corruption and brutality (towards its own troops) of the Russian army is well known. Russia also prepares to build its first operational aircraft carrier as well as additions to its submarine fleet.

Both nations are gearing up to project some power, at least regionally.

"It Can't Be Just About Us"
--Frank Schnittger, ETian Extraordinaire

by papicek (papi_cek_at_hotmail_dot_com) on Fri May 29th, 2009 at 07:27:29 AM EST
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