However, the leading buyers were joined by Iraq, which entered into a
contract to buy 42 Pantsir-S1 air defense systems and 30 Mi-28NE combat
helicopters worth a total of $4.2 billion, or about 30% of all
contracts, the paper reported.
The paper said the figure of $14 billion was reached in part because
the financial year closed with the inclusion of profits from the $2.33
billion contract with India to modernize the Admiral Gorshkov
(Vikramaditya) aircraft carrier. However, due to problems identified in
sea trials, the carrier will only be delivered in the fourth quarter of
Not including the delayed delivery of the carrier, Russian arms
export revenues totaled about $11.7 billion in 2012, the paper said.