Russian Helicopters, Defense Ministry sign deal after delay

RIA Novosti - 9/4/2011

Russia's Defense Ministry and the Russian Helicopters holding have reached a long delayed agreement and signed a $4 billion deal, a senior defense sector official said on Saturday. Russia's annual defense order was seriously delayed by price disputes between the ministry and defense sector companies to a point when President Dmitry Medvedev and then Prime Minister Vladimir Putin had to step in and press for contracts to be signed until the end of last month.

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