The Syrian operation provided an “excellent opportunity to show off the goods”, Ruslan Pukhov, director of the Moscow-based Center for Analysis of Strategies and Technologies, told Al Jazeera.
The operation provided a chance to battle-test “all the last-generation military systems that Russia could not test in military condition – high-precision weaponry, missiles, helicopters, planes and cruise missiles”, he said.
Kremlin insiders have stated that Russia’s success in the Syrian war will boost Russia’s arms sales by up to $ 7 billion.
Algeria has already purchased roughly a dozen Sukhoi Su-32.
Indonesia, Vietnam and a host of Latin American Nations are all lining up eagerly to buy more bombers, helicopters and other defence systems such as the S-400 from Russia.
Even Greece, a NATO member, is showing interest In Russian arms and why not when they are much cheaper and just as effective and in my cases better than U.S made weapons
Arms business is booming
Arms exports surged to a new record in 2015 to $14.5 billion and will probably surge to even higher levels. Putin stated that was due to their “reliability and high effectiveness,” President Putin said in late March.
Overall weapons sales declined (2014) for companies in North America and Western Europe and more companies from other regions of the world made it to the top 100, the main benefactor here was Russia. Russian weapons are cheaper and just as effective as their western counterparts, so they offer more bang for the buck.
US and Western European arms sales declining
European companies’ arms sales decreased by 7.4 per cent in 2014 and only Germany, and Switzerland experienced growth of 9.4% and 11.2% respectively.
Russia Biggest Winner
Despite brutal sanctions, Russia’s arms industry continued to gain traction and sales rose both in 2014 and 2015. The number of Russian companies ranked in the Top 100 moved from 9-11 in 2014.
‘Russian companies are riding the wave of increasing national military spending and exports.
In Europe “a large part of the defence spending, which is missing, is from procurement. It’s easier to cut procurement than to cut salaries — so the quickest thing to do is just buy less,” said Siemon Wezeman.
36 companies from other parts of the word (besides U.S) experienced sales growth of 25% or more, with Russia taking the bulk share. In Russia sales growth surged by an astounding 50%.
“Russian companies are riding the wave of increasing national military spending and exports,” said Wezeman.
The top Russian company on the list was Almaz-Antey, coming in at number 11 with a turnover of $8.84 billion.
Russia Makes for a great Long term play. Subscribe to our free newsletter to find out how you can benefit from these upcoming trends or join our paid service for specific recommendations. Russia makes for a great long-term investment. Subscribe Now
Other Articles Of Interest:
War on cash & death of Middle Class (3 April)