Russian State Arms Exporter Sees Contracts Worth $38 billion in 2010

Russia's state arms exporter Rosoboronexport said on Friday its orders so far this year had exceeded $38 billion.

It said aircraft and airborne weapon systems accounted for over 50% of all export orders." Despite serious competition, demand grows from year to year," the company said in a press release.

"Our cooperation is expanding with leading foreign manufacturers, especially on new joint projects and R&D programs." Rosoboronexport handles over 80% of Russian arms exports.

Russia will showcase an array of warplanes at the Farnborough Air Show (FIA), one of the most preeminent global aviation events, to be held on July 19-25 near London.

Russian products will include Su-35 Flanker and MiG-35 Fulcrum-F multirole fighters, the Su-32 fighter-bomber (an export version of the Su-34 Fullback aircraft) and MiG-29 Fulcrum combat aircraft.