Russian Defense Industry Loses Hundreds of Millions
The tsunami of 2004 was not only a terrible human disaster for
the archipelago nation of Indonesia, but is shaping up to be a
financial one as well. One of the repercussions from the tidal wave
is being felt all the way to snowy Russia: the Indonesians, who
were on the brink of buying more Russian fighter jets and
helicopters, have quietly pulled the plug on the order, leaving the
Russians disappointed and scrambling for customers, according to
Russian media and Reuters reports.
"Air-to-air missiles may have played only a minor role in the
recent fighting in Iraq, but they remain crucial to any wartime
effort for achieving air superiority," says Larry Dickerson,
Missile Analyst for Forecast International. According to Dickerson,
"The lack of headline-grabbing aerial engagements in the skies over
Iraq does not mean air-to-air missiles have lost their appeal."