China Signs $500 Million Deal With Russia For 123 AL-31FN Engines

China’s Ministry of Defense signed a contract to buy Russian aircraft engines worth $500 million in early June, Vedomosti reported, citing an unidentified personsource close to Russia’s state arms-selling agency and an unidentified manager of an aviation company. 

The contract is for 123 AL-31FN engines by 2013, the first 13 of which will be delivered later this year, the newspaper said. 

Read More At:

http://www.bloomberg.com/news/2011-07-04/china-signs-500-million-russian-jet-engine-deal-vedomosti-says.html