Russia to double ballistic missiles production from 2013April 20th, 2011 - 4:54 pm ICT by IANS
Moscow, April 20 (IANS/RIA Novosti) Russia will double the production of ballistic missiles from 2013, Prime Minister Vladimir Putin said in his annual address to parliament Wednesday.
“The armed forces will receive new strategic and tactical missile systems, such as RS-24 Yars, Bulava and Iskander M,” Putin said.
Speaking to defense sector officials in Siberia in March, Putin said Russia would invest 77 billion rubles ($2.6 billion) in the production of ballistic missiles in line with a state programme on the defense sector modernisation until 2020.
Missile manufacturers, including a missile production plant in Votkinsk, will receive 15 billion rubles in the next three years for the development of production capacity, the prime minister said in March.
“The financing will gradually increase in the future,” Putin added.
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Tags: armed forces, ballistic missiles, bulava, defense sector, iskander, missile production, missile systems, modernisation, moscow, parliament, prime minister, ria novosti russia, rubles, siberia, tactical missile, vladimir putin