Russian defence industry increases the export of armament by 11% for 2011 0712112

Posted On
a
 

Defense News - Russia
 
 
Wednesday, December 7, 2011, 10:14 AM
 
Russian defence industry increases the export of armament by 11% for 2011.
Russian state arms trader Rosoboronexport will increase arms exports by 11% year-on-year to $9.7 billion in 2011, a deputy head of the company said on Wednesday, December 7, 2011.
     
Russian state arms trader Rosoboronexport will increase arms exports by 11% year-on-year to $9.7 billion in 2011, a deputy head of the company said on Wednesday, December 7, 2011.
     

“The figures will rise by about $1 billion compared to 2010,” said Viktor Komardin, who is also heading a Russian delegation to the LIMA-2011 arms show in Malaysia.

He also said that the company had struck $9.5-billion worth of contracts last year. “This year we have signed more,” Komardin said.

Rosoboronexport’s contract portfolio totals $36 billion at the moment, with about 1,500 deals signed every year, he said.