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Friday, September 30, 2011

Giant state weapons order misses another deadline

The Defense Ministry has failed to meet this year's state weapons order, despite having been given three deadline extensions by the president and prime minister.

The order is the most expensive in modern Russian history. The country allocated a whopping 750 billion rubles ($24 billion) to radically upgrade its defense system by 2020.

The immense sum notwithstanding, the ministry was hardly quick in meeting the deadlines. Officials did not manage to timely sign contracts with corporations and institutions that are expected to fulfill the ambitious order for producing new weapons.

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