Monday, December 22, 2008

Russia To Allocate $35.3 Billion For Arms Production In 2009-11

Russia To Allocate $35.3 Billion For Arms Production In 2009-11 (NSI News Source Info) MOSCOW - December 23, 2008: State capital investments into serial production of armaments and military hardware in 2009-2011 will total about $35.3 billion, a first deputy chairman of Russia's military-industrial commission said Monday. "In practice, over three years these expenditures will total about 1 trillion rubles," Vladislav Putilin said. Putilin also said the government had approved the state defense order for 2009-11 worth a total of 4 trillion rubles ($141 billion). Russia plans to put into service more than 400 new weapons, materiel and other pieces of military equipment, the official added. In the period of 2009-2011, Russian armed forces will receive 70 strategic missiles, 30 Iskander missiles and a number of carrier rockets and spacecraft. In addition, "Russia will buy 38 military aircraft, six drones, over 60 helicopters, 14 ships, almost 300 tanks and over 2,000 vehicles," Putilin said.

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