Putin, speaking today at a meeting with officials, said Russia last year also signed USD 9.5 billion in new arms-export contracts, which currently total USD 50 billion.
He said that Russia accounts for nearly a quarter of global arms sales, coming in second after the US.
Putin said Moscow plans to expand its share of the global arms market, adding that a military campaign in Syria has demonstrated the "remarkable reliability and efficiency" of Russian weapons.
Russia has waged an air campaign in Syria since September 2015, helping Syrian President Bashar Assad's military to win some key ground.
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