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Sunday, May 19, 2013

Russia Seeks New Arms Deals on Growing Latin American Market

Mi-8 HipRussia will actively seek new deals on the Latin American arms market, which it expects to reach a value of $50 billion in the next ten years, the head of a Russian Technologies (Rostec) high-tech state corporation delegation said on Saturday.

“According to our expert estimates, the volume of the Latin American arms market will reach about $50 billion in the next ten years. If we focus our efforts on this, corresponding contracts could be signed,” said Sergei Goreslavsky, head of the delegation of Rostec, which comprises state arms exporter Rosoboronexport, at the SITDEF Peru 2013 defense technology exhibition.

Goreslavsky said Venezuela, Peru, Brazil, Argentina and Mexico were all interested in buying helicopters and air defense systems.

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