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Industry

Russia targeting 27% of military aviation market

27 June 2017

Russia plans on claiming 27% of the military aviation market within a decade, an official told state-owned TASS news service on 23 June.

The Director General of the Federal Service for Military-Technical Co-operation, speaking while at the Paris Air Show, described expansion plans into new markets as part of a push to grow Russian arms exports. TASS quoted Dmitrii Shugaev as saying that the country will target emerging markets in Africa, Asia, and Latin America.

“Europe cannot be described as our major market,” Shugaev said. He described Russian exports as standing second to those of the United States globally, with about USD15 billion in exports for 2016.

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