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Russian arms trader to raise exports by 11% in 2011

© RIA Novosti . Vladimir Fedorenko / Go to the mediabank“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.
“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. - Sputnik International
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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.

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.

“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.

 

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