MOSCOW, March 6 (UPI) -- Russia and China may soon sign a $4 billion contract military aircraft contract.
If concluded, the contract would provide for the Russian Federation to supply 48 Sukhoi Su-35 Flanker-E fighter jets for the Chinese air force.
"The sides have practically agreed on the delivery of 48 Su-35 multi-role fighters, worth $4 billion, to China," a Russian Federation Ministry of Defense source told Kommersant business newspaper.
It is not a done deal however, as the Russian Federation is demanding that China guarantee the protection of copyrights on the production of Su-35s without proper licensing.
"Moscow is not only aiming to ensure its presence on the Chinese (fighter) market but also attempting to prevent the potential copycat production of Russian aircraft for subsequent sales to third parties with predatory pricing," a Russian official said.
Russian concerns aren't unfounded, as China has long been suspected of building advanced combat aircraft based on Soviet, Russian and other foreign designs after reworking design fundamentals.
Additional Security Industry Stories | |
SEOUL, March 6 (UPI) --
South Korea has signed a deal to develop three oil fields in the United Arab Emirates.
|
MOSCOW, March 6 (UPI) --
An aircraft carrier the Indian navy purchased from Russia is about to undergo testing in the Barents Sea.
|
Foreclosure sales spiked in the first month of 2012, up approximately percent respectively. Sales in non-judicial states outpaced judicial by over three to one, exacerbating the backlog of foreclosures soon to reach local real estate markets in states...
|
When the economy tanked in 2008, many top-flight economists said, "that's OK, we'll just do business with China until things get better."
|
Stories | Photos | People | Comments |