Russian President chaired a meeting of the Commission for Military Technical Cooperation with Foreign States, presidential web page reports.
Addressing the participants, he noted, “Financial indicators of military technical exports have been growing for over three years in a row now and have almost reached $16 bln. At the same time, we retained positive dynamics in the first five months of 2019. Foreign currency revenues from the export of military goods soared by 45%, while the overall portfolio of contracts reached almost $54 bln, hitting an all-time high. Russia confidently takes second place on the global arms market.”
“Apart from arms exports, including those of the most advanced models, we need to more actively upgrade previously delivered equipment, set up service centers on the territory of customer states, and reduce repair-service deadlines,” he said.
According to the President, “It is important to expand the successful cooperation experience in the field of manufacturing arms and military equipment. We need to continue implementing joint R&D projects and transferring Russian technology to customers wherever this meets mutual interests. We realize that many of our partners are seriously interested in this. We need to pay more attention to our partners’ wishes to establish their own defense industry.”