Shoygu Says Defense Ministry to Sign Army Deals Worth $15.5 bn

The Russian Defense Ministry is planning to sign 39 contracts worth a total of 1.2 trillion rubles ($15.5 billion) at the Army-2020 military forum, Defense Minister Sergey Shoygu said Monday, as reported by Sputnik News.

“We are expecting to sign 39 contracts, and the total will be almost 1.160 trillion rubles,” Shoygu said as aired on Zvezda broadcaster.

The forum held in a Moscow suburb of Kubinka began on Sunday and will last through Saturday.

The sixth international defense industry forum ARMY-2020, organized by the Russian Defense Ministry, will open in the Moscow Region on Sunday and present state-of-the-art weaponry and military hardware.

Russia has hosted the international defense industry event annually since 2015. This year’s edition began on Sunday and will end on September 5.

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