Swine Flu Outbreak Map

07 March 2009

Russia Rushes To Save Failing Defense Firms

from Strategy Page

Russia is hustling to sell weapons to foreign customers, and, less frequently, buy more for their own forces. They don't just need the money, they need to prevent most of their defense firms from going out of business. Only a third of Russian defense firms are in good financial shape. About 30 percent are close to bankruptcy, and another 36 percent are just scraping by.

Export sales are stuck at about $8 billion a year, largely because of problems with China (which is stealing Russian military technology and building their own copies of Russian military gear) and India (which is increasingly turning to Western equipment.) These two countries account for most of the export sales, and Russia is having a hard time finding new customers to replace lost sales from the two big customers.

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