Contracts worth almost $700m signed at MILEX 2014 expo

About 15 contracts to the tune of $700 million were signed at the international military hardware expo MILEX 2014, Chairman of the State Defense Industries Committee Sergei Gurulev said.

The contracts were singed by the State Defense Industries Committee and companies of the defense sector. There are plans to sign more high-profile contracts. According to Sergei Gurulev, Belarus cooperates with 60 countries in the defense sector and exports 70% of products.

Speaking about cooperation with Russia, the head of the State Defense Industries Committee said that about 100 Belarusian enterprises deliver nearly 2,000 products to 300 Russian companies. Russian products are purchased by 70 Belarusian companies of the defense sector.

Sergei Gurulev remarked that Belarus and the United Aircraft Corporation of Russia are mulling over Belarus’ participation in the manufacture of aircraft. By the 1 September a concept of developing Belarusian enterprises will be worked out. It will be harmonized with the similar concept of the United Aircraft Corporation.