Russia to export arms on $38 bln as of early 2011

As of early 2011, Russia will export arms and military equipment on $38 bln, said the head of RosoboronexportAnatoly Isaikin at the press conference. 

"Russia's backlog of arms export orders makes $38 bln in the beginning of 2011", said Isaikin having noted that 60% of those arms would be exported to India, Algeria, and China. Totally, over 1 300 export contracts were signed with foreign countries over the past year, said Isaikin. 

He specified that the backlog of orders implies already signed contracts, 90% of them have already took effect.

Source : http://rusnavy.com