“We are talking primarily about providing our forces with state-of-the-art modern technology.”-Vladimir Putin, President of Russia

11 August 2012, at the 100th anniversary celebrations for the Russian air force, Vladimir Putin announced that at least 1,600 new military aircraft will be purchased through 2020. That’s in addition to existing air force planes.  Putin also said existing aircraft will be upgraded with the latest technologies.

Russia will spend and estimated $620 to 720 billion USD on expanding and upgrading their air force.