Ukraine's state arms exporter Ukrspecexport and the Ethiopian Defense Ministry have signed a $100 million contract for the supply of over 200 tanks to Ethiopia, the company told Interfax-Ukraine on Thursday.
The details of the contract at this stage were not disclosed.
The company said that the tanks "are equipped with modernized propulsion, guided weapons and a reactive armor system."
The company said that the contract with the Ethiopian Defense Ministry was among the eight largest deals concluded by Ukrspecexport in the past 15 years.
According to Interfax-Ukraine sources in the defense sector, the Ethiopian customer will most likely get upgraded T-72 tanks.
According to unofficial estimates, the portfolio of orders of Ukrspecexport and its subsidiaries was estimated at over $1 billion as of early 2011.
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