Procurement: November 2, 2001

Archives

Yemen has approved plans to buy another 24 MiG-29s from Russia for $300 million. Yemen previously bought ten MiG-29s from Moldova, but without Russian support, has had trouble keeping them flying. Only five are thought to be operational at this time. The new deal with Russia includes an option to buy another $100 million in support equipment. Also under consideration is an upgrade program for the MiG-29s bought from Moldova and for the old MiG-21s bought from Russia decades ago. This is a key victory for the MiG bureau. A few months ago, there was serious talk that it might have to shut down, but this sale and the sale of 10 MiG-29s to Myanmar for $150 million should allow the company to pay its debts and resume paying its workers. That could clear pending sales of MiG-29s to Libya, Syria, India, Iran, and Malaysia, sales that were stalled out of concern MiG might not stay in business long enough to deliver. This would not only return the company to good health, but give it the money to proceed with the new MiG-29SMT multi-mission fighter and the MiG-AT trainer, which would keep the company's products on the market for decades.--Stephen V Cole

 


Article Archive

Procurement: Current 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 


X

ad
0
20

Help Keep Us Soaring

We need your help! Our subscription base has slowly been dwindling. We need your help in reversing that trend. We would like to add 20 new subscribers this month.

Each month we count on your subscriptions or contributions. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage. A contribution is not a donation that you can deduct at tax time, but a form of crowdfunding. We store none of your information when you contribute..
Subscribe   Contribute   Close