Russian Navy


Russia will make $10 bln by exporting arms in 2011

Russia will make $10 bln by exporting arms in 2011 11.02.2011
Text: RIA Novosti
Photo: Export submarine of Project 636 Kilo at outfitting quay of Admiralteyskie Verfi. RusNavy.com
Russia's backlog of arms export orders for 2011 is evaluated as $10 bln, said Alexander Fomin, deputy director of Federal Service for Military Technical Cooperation (FSMTC).

"Backlog of export orders for near-term prospect exceeds $30 bln. Current year takes roughly a one third of this sum", Fomin said.

He reminded that in 2010 Russia exported arms and military equipment for $10 bln.

"The plan for the previous year had been fulfilled, and Russia's overall export exceeded $10 bln", concluded FSMTC deputy director.

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