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Business in Brief: Arms Sales Booming.

Europe Intelligence Wire

| August 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Moscow Times)

MOSCOW -- State-owned arms agency Rosoboronexport beat its own first-half forecast by 30 percent, delivering $2.7 billion worth of arms abroad in the first six months of the year, Vedomosti reported Thursday.

Last year, the agency, which accounts for more than 80 percent of all weapons sales abroad, exported $4 billion worth of arms and posted revenues of $4.3 billion.

Overall, Russia delivered $4.8 billion worth of arms and ...

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