Russian Arms Exports Rose to $5.78B in 2004
Russia’s arms industry has set new records for deliveries of arms and military equipment export in the period ending in 2004. As head of the Federal service for military – technical cooperation Michael Dmitriev has declared, the value of deliveries reached USD $5.78 billion, up $380 million from the previous year’s record high of $5.4 billion. It is noteworthy that these record earnings are part of a five-year pattern of successively greater results since 2000. This five-year increase comes after a crisis in arms export during the period 1997-1999, when revenues fell below previous years.
The full profile and figures for key contracts can be found in the 2005-#1 issue of Moscow Defense Brief.