Russia eyeing $3 billion in new arms contracts

By REUTERS
August 4, 2011 16:13

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

MOSCOW - Russia, the world's second largest arms exporter, may seal three new orders worth more than $3 billion for fighter aircraft over the next year, the top Russian defense think tank CAST said on Thursday.

The new orders would be a boon to an industry which has watched its export market shrink after the Arab Spring revolutions and been criticized at home by President Dmitry Medvedev over the quality of its weapons systems.

India is looking to sign a new $2 billion contract for 40 Sukhoi-30MKIs, according to CAST data, and the Russian Defense Ministry itself may soon sign a deal for 24 Mikoyan-29Ks to renew the aging fleet on its sole aircraft carrier.

"There is a very strong chance that the Indian air force may sign a contract to buy up to 40 Su-30MKI fighters, even by the end of this year," CAST Director Ruslan Pukhov said.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
September 26, 2018
Chinese diplomat: Washington, Beijing must avoid Cold War mentality

By REUTERS