Russian Defense Ministry Signs Multi-billion-dollar Plane Contract

Russia's Defense Ministry on Thursday signed a contract worth about 140 billion rubles ($4 billion) to buy 39 IL-476 transport planes, President Vladimir Putin announced. "This is the first, essentially new plane, that Russia's aviation industry has produced in the past 21 years" President Putin said "I am confident that this plane will enjoy great demand here, and among our possible partners abroad."

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