by Geoff Ziezulewicz
Moscow (UPI) Jul 8, 2016
Russia has exported $4.6 billion worth of armaments and military hardware in 2016, President Vladimir Putin said at a meeting of the Commission for Military Technology Cooperation with Foreign States.
"The exports of Russian-made weapons and military equipment have reached $4.6 billion, and our contract portfolio is worth more than $50 billion," Putin said at the meeting. "Russian weapons and military equipment have proven efficient and reliable in vastly different conditions."
The exports are operational in Europe, Asia, Africa, the Middle East and Latin America, he said.
"Importantly, the geography of these deliveries is gradually increasing, new intergovernmental agreements are signed and bilateral working groups created," Putin said.
Rosoboronexport, the state-run arms export agency, reported last month that sales of Russian aircraft account for 47 percent of the country's military exports.
The involvement of Russian Su-34 and Su-24M bombers, the newer Su-30CM and Su-35 fighter jets, as well as Mi-24N and Ka-52 helicopters have spurred interest not only from the major arms importing countries with whom Russia has traded with before, but also from new buyers in the Middle East.
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|