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Military Exports Reach Record Figures Despite Arab Spring
23.12.2012 22:51
Military Exports Reach Record Figures Despite Arab Spring
Photo Credit:, Itar-Tass

Russia's military exports have reached a record high, largely thanks to late deals with Iraq and India.

Moscow expects to rake in a total of more than $14 billion as a result of this year's contracts, compared with $13.2 billion last year.

In October, Iraq announced it will buy Russian military hardware worth $4 billion, India ordered a batch of Su-30MKI fighters for $3 billion and signed a contract for licensed production of Sukhoi Su-30MKI engines worth $5 billion.

The list of importers also features China, which will splash out 1.2 billion for a delivery of AL-31FN and D-30KP-2 engines, and $700 million for a fleet of Mi-17 helicopters.

Author: Mikhail Vesely

Tags: Russian military Russian defense Russian aviation   

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