Russia to invest $100 bln in defense industry until 2020

[Spiraling Leopard]

http://en.rian.ru/mlitary_news/20110321/163131244.html

Russia will invest 3 trillion rubles ($100 bln) in the development of the country's defense industry in the next decade, Deputy Prime Minister Sergei Ivanov said on Monday.

"We have prepared a state program on the modernization of the defense industry until 2020 with a budget of 3 trillion rubles," Ivanov said after a meeting of defense industry officials in the southern Siberian republic of Udmurtia.

Russia will invest 77 billion rubles ($2.6 bln) in the production of ballistic missiles alone in the next ten years.

Ivanov said a ballistic missile production holding will be set up with the participation of Russia's Federal Space Agency. The holding will include the Moscow Institute of Thermal Technology, which designed the Topol and Bulava missiles.

Prime Minister Vladimir Putin said at the same meeting that Russia would double production of ballistic missiles after 2013.

[Lewinsky Stinks, Dr. Brennan Rocks]

Looks like the modern-day Babylon is... still Babylon. 

[briann]

We should respond by having Michelle Obambo go on another shopping spree in Moscow.  I wonder if the Russians make high heels in her size??

[Lewinsky Stinks, Dr. Brennan Rocks]

We should respond by having Michelle Obambo go on another shopping spree in Moscow.  I wonder if the Russians make high heels in her size??