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Bad News: Rosoboronexport inks 15 contracts at defense expo worth only $300 million


A Russian major arms dealer like Rosoboronexport usually makes contracts in the multiple hundreds of millions, if not billions of dollars. 

15 different contracts worth only a total of $300 million is definitely not at a pace to be profitable for Rosoboronexport. 

The sanctions appear to be working. This appears to be a spin piece to make Russia look better than is reality. 

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Russia’s arms supplier inks 15 contracts at defense expo

MENAFN) The Russian Rosoboronexport was confirmed to have inked fifteen contracts at a value which reaches more than USD300 million.

The contracts were unveiled to have been signed by the state-owned arms supplier during the ongoing Army 2018 defense exhibition which is carried out in Kubinka, near Moscow.

Rosoboronexport CEO Alexander Mikheyev explained that “the contracts included modern land forces’ military equipment, unmanned aerial vehicles, electronic warfare systems, close combat weapons and many others.”

Mikheyev added that “firm orders” have been received from Asian and African countries along with members of the Commonwealth of Independent States.

Source: https://menafn.com/1097342079/Russias-arms-supplier-inks-15-contracts-at-defense-expo

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