Russia's Defense Ministry signs $ 4 billion contract

Russia's Defense Ministry on Thursday signed a contract worth about 140 billion rubles ($4 billion) to buy 39 IL-476 transport planes, RIA-Novosti reports citing President Vladimir Putin.
"This is the first, essentially new plane, that Russia's aviation industry has produced in the past 21 years… I am confident that this plane will enjoy great demand here, and among our possible partners abroad," – RIA-Novosti quotes Putin as saying.

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