Moscow, Russia, September 26, 2014, 12:30 – Vladimir Putin had a working meeting with Governor of Sverdlovsk Region Yevgeny Kuyvashev to discuss the region’s “socioeconomic development. ”
“Mr Kuyvashev said that the highest growth is in aircraft manufacturing sector. He added that the program to develop defense industry companies is also being implemented with quite successful results, he informed Putin
Mr Kuyvashev noted that the region will launch next year a program, Urals Engineering School, with a particular focus on raising specialists’ qualifications.
The program involves opening ongoing education resource centers and training centers. The program will also work with students and schoolchildren.”
Source: The Kremlin, Moscow
Note: Russian defense industry reform centers around costs savings and optimization. It is a critical reform effort of the Putin’s policy of modernizing and improving the Russian military.
Russia feels it needs a strong and modernized defense industry to carry out its ambitious state rearmament program until 2020.
In part to meet the global threat posed by the United States military.
The U.S. military budget accounts for approximately 40% of global arms spending.
The 2012 US Defense budget is 6–7 times larger than the $106 billion military budget of China .
The United States and its close allies are responsible for two-thirds to three-quarters of the world’s military spending (of which, in turn, the U.S. is responsible for the majority).
The government of the Russian Federation plans to allocate 20 trillion rubles ($641 billion) for this program.
In addition, Russia is the world’s second largest conventional arms exporter after the United States.
In 2010, Russian defense industry companies delivered about $10 billion worth of arms to foreign customers.