1 Mar 2013 20:59

Russia beats arms export target by 12% in 2012 - FSMTC

MOSCOW. March 1 (Interfax-AVN) - Russian arms exports topped $15 billion in 2012, Federal Military-Technical Cooperation Service Director Alexander Fomin told the Ekho Moskvy radio on Friday.

"Arms and military hardware exports exceeded $15 billion in 2012, which was 12% higher than the yearly target and $2 billion more than exports of 2011," he said.

"We preserved the trend of export growth in volume and in hardware units," Fomin stressed.

"Russia ranks second by arms and military hardware exports," he said.