Search This Blog

Monday, September 05, 2011

Russian Helicopters, Defense Ministry sign deal after delay

Kamov Ka-60 ''Kasatka''Russia's Defense Ministry and the Russian Helicopters holding have reached a long delayed agreement and signed a $4 billion deal, a senior defense sector official said on Saturday.

Russia's annual defense order was seriously delayed by price disputes between the ministry and defense sector companies to a point when President Dmitry Medvedev and then Prime Minister Vladimir Putin had to step in and press for contracts to be signed until the end of last month.

Andrei Reus, director general of the state-owned Oboronprom corporation producing helicopters, aircraft engines and air defense systems, said the deal had been signed on August 31.

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.