Turkey’s S-400 missile deal with Russia to exceed $2B, Rostec official says

November 2, 2017

The Daily Sabah:

The cost of delivering the S-400 missile defense system to Turkey will exceed $2 billion, an official from Russia’s state-run defense company Rostec said Thursday.

“The cost of the S-400 deal with Turkey is worth more than $2 billion,” Sergey Chemezov, the CEO of Rostec, was quoted as saying by Russia’s official TASS news agency.

Turkey recently agreed to purchase the S-400 system from Moscow. Previously, Russian presidential aide Vladimir Kozhin said Moscow received an “advance payment” from Turkey for the defense system.

Meanwhile, the executive committee of Turkey’s Defense Industry Undersecretariat convened on Thursday to discuss the modernization of the Turkish Armed Forces (TSK) and improvements in the defense industry infrastructure…

Read full post.