Russia is planning to invest 2 trillion rubles (US $55.6 billion) for new weapons and armaments to upgrade its Aerospace Defense Forces (VKO), emblem pictured here.

Russia’s Aerospace Defense Forces to Receive $55.6B Investment

Russia is planning to invest 2 trillion rubles (US $55.6 billion) for new weapons and armaments to upgrade its Aerospace Defense Forces (VKO).

Russian Defense Minister Yuri Borisov confirmed that Russia is planning to invest 2 trillion rubles (US $55.6 billion) for new weapons and armaments as part of an upgrade of its Aerospace Defense Forces (VKO), which was set up in 2011.

According to Defense News, Russian news agency ITAR-TASS reported that the new air and space defense system would be operational by 2025.

“The main purpose [of the program] is to provide … systems capable of combating all existing and potential means of aerospace threats,” said Borisov, who made the announcement during a visit at local defense manufacturer Almaz-Antey.

As Defense News notes, Russia wants to develop advanced weapons with a modular design. The potential acquisitions are part of a plan to spend $650 billion on new weapons and equipment by 2020.

Read more: http://www.defensenews.com/article/20140304/DEFREG01/303040028/Russia-Invest-55-6B-Boost-Aerospace-Defense-Forces

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