Geopolitical shifts including regime-change in Libya, the stiffening of international sanctions against Iran and violent unrest in Syria, are among the trends compelling Russian military export agency Rosoboronexport to keep looking for new clients worldwide. This is, to a large degree, one of its primary motives for exhibiting at the Farnborough International Airshow.
Government of Russia
Last year, Russian defense export agency Rosoboronexport (Hall 1 Stand B13) achieved a new post-Soviet-period record for export of military hardware totaling $6.2 billion. Its previous record of $5.3 billion was established in 2006, a significant rise over $3 billion worth of sales in 2000.
Celebrating the fifth anniversary since its formation, Rosoboronexport has successfully promoted the sale of Russian aerospace products, valued at more than $5 billion, for the last couple of years. The company manages about 90 percent of Russian defense exports and current orders totaling some $12 billion will keep the country’s factories busy into at least 2008.