MiG targets $4 billion in ’07 orders | Aviation International News

MiG targets $4 billion in ’07 orders

In 2006, orders for Russian armaments totaled $30 billion, while aggregate military exports exceeded the target figure by 20 percent, setting a record of $

By Nikolai Novichkov

June 16, 2007

In 2006, orders for Russian armaments totaled $30 billion, while aggregate military exports exceeded the target figure by 20 percent, setting a record of $6.5 billion. Russian President Vladimir Putin believes the country has all the preconditions to become the leader of the world arms market.

Putin particularly highlighted the export activities of the MiG Corp., whose orders in 2006 exceeded $2.6 billion. According to Alexey Fedorov, MiG general director, orders will exceed $4 billion by the end of this year.

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