Russia secured $7.7 billion in arms orders with foreign customers since the beginning of 2014, the country's President Vladimir Putin was quoted as saying by RIA Novosti.
"As a result, the foreign orders portfolio shows a steady trend at around $50 billion," Putin said at a meeting on Russia's military-technical cooperation.
Russia has sold $9.8 billion in arms and military equipment abroad since the beginning of 2014, according to a recent report by the Federal Service for Military-Technical Cooperation.
In July, Vladimir Putin said that Russian arms exports in the first half of 2014 reached $5.6 billion.
In September, a presidential aide on military-technical cooperation, Vladimir Kozhin stressed that Western sanctions have not affected Russia’s arms exports and could never lead to the collapse of the country’s defense industry.
The European Union and the United States have imposed sanctions on Russia over its alleged involvement in the Ukrainian crisis, a claim Moscow has repeatedly denied. Several defense companies, including Oboronprom, United Aircraft Corporation and Uralvagonzavod, were restricted from seeking finance capital on European financial markets.
The European Union also banned sales of dual use equipment to Russian companies partly or wholly involved in the design and production of military and military machine-building equipment.
Russian Presient Vladimir Putin, during a meeting with Security Council organized for the World Cup has said that Moscow prevented nearly 25 million attempts of cyber-attacks and other criminal acts against the nations information infrastructure related to Soccer World Cup. The comments came soon after the tournament ended Sunday
UK has sold about £5.6 billion ($6
Major deals for defense co-operation between Moscow and New Delhi are likely to be signed during Russian President Vladimir Putins visit to India, Russias ambassador to India, Alexander Kadakin said in an interview with Sputnik Saturday. Putin is expected to visit India on December 10-11 for the 15th Annual India-Russia Summit
Russia and China are set to sign an international cyber security agreement in the first half of 2015, Kommersant newspaper reported citing a source familiar with the progress of negotiations. According to the report, the agreement was expected to be signed this week during a state visit to China by Russian premier Vladimir Putin
Lockheed Wins US Navy's Super Hornet IR Search and Track System Contract
General Dynamics To Support Saudi's SLAM-ER Weapon System
Raytheon Wins $80M Lightweight Torpedo Contract for US, India, 4 Others
Raytheon to Replace Solid State Modules for US Navy's Missile Warning System,...
Israel to Modernise Ukrainian MiG-29 Jets for $440M
MiG-35 Shows Off New AESA Radar at MAKS 2019
Russian S-300s, S-400s Fail to Detect Israeli F-35s Flying Over Syria: Reports...
Russia Unveils its Biggest Ever Drone to Compete with US Global Hawk
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...