Russian Military Aviation Market Falls 7%, says Janes
The latest forecasts from the trusted global agency for open-source defence intelligence estimate a programme decline of USD5 billion in Russian military aviation
LONDON (9 July 2020) – The latest forecast from Janes for the Russian military aircraft market expects it to reach the cumulative value of almost USD80 billion between 2020 –2029. Janes now forecasts Russian total programme value of USD79.5 billion, a 6.9 per cent reduction when compared with the earlier forecast of USD85.3 billion.
“The decline in programme value is mostly attributed to delays in several long-term programmes, and constraints in the ongoing production and deliveries of aircraft,” said Alessandra Giovanzanti, senior aviation analyst at Janes. “Nonetheless, construction of the first PAK-DA has been recently reported as under way, with a final aircraft to be completed in 2021. The recapitalisation of strategic airborne capabilities is essential to ensuring a modern and capable air force.”
Janes notes that despite the likely exacerbation of the downward trend of oil and gas prices, budgetary constraints and a comparatively weak rouble, Russia is still moving on with the acquisition of combat aircraft.
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