Russia Sells Record $15 Bln of Arms in 2012

Russia sold a record $15.16 billion worth of weaponry in 2012 while expanding its foreign client list, the Federal Military-Technical Cooperation Service (FSMTC) reported on Monday. “The volume of arms exports has reached $15.16 billion, according to preliminary calculations…which means that our plans have been fulfilled by 111.8 percent,” FSMTC chief Alexander Fomin told a government meeting on state defense contracts.

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