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Russia's State Arms Exporter Order Portfolio Amounts to $45Bln

© Sputnik / Irina Kalashnikova / Go to the photo bankA stand of Russia's state arms exporter Rosoboronexport. (File)
A stand of Russia's state arms exporter Rosoboronexport. (File) - Sputnik International
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Russia's state arms exporter has a portfolio of foreign arms contracts amounts to $45 billion.

Employees clean the aircraft models at the Russian government company Rosoboronexport stand, at Paris Air Show, on the eve of its opening, in Le Bourget, east of Paris, France, Sunday, June 18, 2017 - Sputnik International
Russia's Rosoboronexport Exported $2 Bln Worth of Aviation Equipment in 2017
MOSCOW (Sputnik) — Russia's Rosoboronexport state arms exporter has a portfolio of foreign arms contracts amounts to $45 billion, Rosoboronexport Deputy Director General Sergey Goreslavsky said Wednesday.

"The order portfolio currently stands at around $45 billion," Goreslavsky said at the session of the Rosoboronexport press club.

On July 20, Rosoboronexport's Deputy CEO Sergey Ladygin said that the exporter expects military aviation equipment to constitute over 50 percent of 2017 exports, with Middle East and Pacific Rim states as the main customers.

In mid June, Rosoboronexport CEO Alexander Mikheev said that arms and military equipment worth more than $5 billion had been sold since the beginning of the year, and contracts worth about $8 billion have been signed since January, with aeronautical equipment making up nearly a half of the contracts.

In mid-October 2016, Anatoly Punchuk, the deputy director of the Russian Federal Service for Military-Technical Cooperation (FSMTC), announced that Russia would export annually weaponry and military equipment worth some $15 billion for the next three years and reaffirmed that the state's portfolio of arms export orders was totaling about $52 billion to date.

Rosoboronexport is among the world’s largest arms exporters, selling weapons to 116 countries, according to the organization’s website.

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