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Friday, July 03, 2015

Russia's Once-Mighty Fighter Jet Firm MiG Struggling as Rivals Make Gains

Mikoyan MiG-29K/KUB FulcrumOnce one of the world's most famous aircraft designers, Russia's MiG aircraft company has fallen on hard times.

Though MiG aircraft continue to populate almost 30 world air forces, the firm has not won a major design competition or aircraft tender in its post-Soviet history.

Russia is the world's second-largest arms exporter after the United States, and its aircraft companies made up a substantial $4.4 billion of the country's overall $13 billion in arms exports in 2014, according to data collected by defense industry consultancy IHS.

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