Russia At A Loss With Iran Over S-300 Sale
October 22, 2009 by Matthew Potter
Filed under: Business Line, Contract Awards, Countries, Events, Military Aviation, Russia, missile defense, production program
Filed under: Business Line, Contract Awards, Countries, Events, Military Aviation, Russia, missile defense, production program
It is now being reported that the Iranian Government has failed to pay Russia for the advanced S-300 surface-to-air missile systems that they ordered in 2005. Russia is discussing canceling the contract and not delivering the hardware due to this non-payment. If it did the country would lose the $1 billion in contracted cost as well as the $400 million or so assessed in penalties.
The only way to make up the end of this large contract would be to sell the systems to another country. The S-300 is a very modern system and the purchase of it by Iran has met a great deal of criticism from the U.S. and other countries. It is assumed that the system will provide defenses for Iran’s nascent nuclear program. Not having the systems would make Iran more susceptible to attack if required.
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