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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
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