Russian state arms trader Rosoboronexport will increase arms exports by 11% year-on-year to $9.7 billion in 2011, a deputy head of the company said on Wednesday, December 7.

“The figures will rise by about $1 billion compared to 2010,” said Viktor Komardin, who is also heading a Russian delegation to the LIMA-2011 arms show in Malaysia.

He also said that the company had struck $9.5-billion worth of contracts last year. “This year we have signed more,” Komardin said.

Rosoboronexport’s contract portfolio totals $36 billion at the moment, with about 1,500 deals signed every year, he said, RIA Novosti reported.