Russia Grabs $2.5 Billion In Weapons Sales In First Two Months
Russia sold weapons worth $2.5 billion to militaries around the world in the first two months of 2013, according to the Federal Service for Military and Technical Cooperation.
“In the first month of this year, we sold arms worth $1 billion. In the first two months, total weapons sales exceeded $2.5 billion,” Alexander Fomin, head of the Federal Service for Military and Technical Cooperation.
Fomin said Russia’s portfolio of foreign orders for arms now totals some $46 billion, with “80 percent of this portfolio accounting for orders for the next three to four years.”
He added that in 2012, Russia sold other countries arms worth over $15 billion, which was 12 percent more than originally planned and $2 billion more than in 2011.
Speaking about Russia and Iraq, Fomin said the countries have not signed contracts for the delivery of armaments and military hardware to the Middle East country.
With regard to the $4.2 billion deal with Iraq, Formin also clarified that contracts haven’t been signed yet.
“No deal has been struck. We will announce when there is one,” he said.
Comments
Add Comments
Ahead of IMDEX 2013, Defenseworld.net interviewed Bob Nugent, Vice President, Advisory Services, AMI International about the Asia Pacific region's growth into the world' second largest naval market and how modernization will affect the region.
In an interview with Defenseworld.net, Jimmy Lau, Managing Director of Experia Events, organizer of IMDEX Asia discuss the latest edition of the defense expo.
Ahead of Aero India 2013, Sikorsky’s Regional Executive – India & South Asia, Air Vice Marshal (Retd.) Arvind Jeet Singh Walia in an interview with Defenseworld.net says that the company hss a roadmap to manufacture critical, high precision components that would be used for aviation industry in India.
Bharat Electronics Limited will pursue several projects and RFPs this year, in addition to the much coveted MMRCA project.
In an Interview with Defenseworld.net, Sanjay Handu – Director, Aerospace Defence and Marine Business unit, TE discusses his company’s growing presence in the defense and aerospace sector.
In an interview with Defenseworld.net, Markus Kreuzer, CEO of Carbon Team Germany talked about the benefits and uses of carbon and glass fiber in making defense systems.
Unexploded mines, ordnance and hidden caches of weapons are one of the most terrifying relics leftover at the end of conflicts and wars.
WASHINGTON --- The U.S. Army-led Joint Light Tactical Vehicle, or JLTV program, is beginning a 33-month Engineering and Manufacturing Development phase, also known as EMD.
Since becoming the single largest defence customer accounting for almost half of the Israeli military sales worldwide, the Indo-Israel relationship has become crucial to both countries, since India has increased its dependency on Israel for sensitive high tech cooperation..
Ever since the US lifted a six year arms embargo against Indonesia following a political settlement in the Aceh province ending years of repressive rule and human rights abuse, Jakarta has become the most sought-after country in South East Asia for arms sales.
The report details equipment ordered over the last five years, equipment inducted and follow on orders.
Over the last two decades, the UAE has been steadily developing its armed forces with large purchases of infantry combat vehicles.
Related News