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Putin wants all defense contracts concluded this week

English.news.cn   2011-09-06 00:18:49 FeedbackPrintRSS

MOSCOW, Sept. 5 (Xinhua) -- Russian Prime Minister Vladimir Putin on Monday demanded all contracts under 2011 state defense order be concluded this week.

"I hope that by the end of this week all these contracts, including in shipbuilding, the missile industry and aircraft industry, will be concluded," Putin said at a meeting of United Russia party activists in the city of Cherepovets.

"We must guarantee the quantity and the quality of armaments along with the profitability of (defense industry) companies," he was quoted by local media as saying.

The Russian government plans to allocate 20 trillion rubles (over 720 billion U.S. dollars) for the military industry before 2020, some 4.7 trillion rubles (159.6 billion dollars) of which, according to Putin, will be used to develop the Navy.

However, disagreement between the Defense Ministry and arms manufacturers over price issues may hinder the plan, according to local analysts.

Editor: yan
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