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. Last Updated: 07/27/2016

MiG Order From Slovak Air Force Worth Millions

For MTMiG is to upgrade 12 Slovak jets, the first deal to be announced this year.
The state-owned aircraft company MiG has won a contract worth several dozen million dollars from the Slovak air force to upgrade 12 fighter jets, the company said Tuesday at the Paris Air Show.

"The jets will be upgraded to NATO standards and delivered back to the customer in 2006," MiG spokeswoman Yelena Fyodorova said by telephone from Paris, declining to be more precise on how much the deal is worth.

Slovakia joined NATO in 2004.

The 12 jets to be upgraded are part of the Slovak air force's fleet of 21 MiG-29 Fulcrum fighters, which it received after the split of the Czechoslovak federation in 1993.

In the upgrade, MiG will use components supplied by other firms, including defense companies BAE Systems and Rockwell Collins, Fyodorova said.

"It is a good development for MiG that may be followed by contracts from other countries," said Konstantin Makiyenko, deputy head of the Center for Analysis of Strategies and Technologies, an independent think tank.

Makiyenko estimated the Slovak contract could be worth around $70 million. "Any money that MiG get will be most timely for it," Makiyenko said.

MiG is saddled with a $300 million debt owed to the Finance Ministry.

The Slovak deal, signed late last year, was the first order to be announced since Alexei Fyodorov took over at the company late last year. Fyodorov had previously held the top job at rival fighter manufacturer Irkut. MiG currently has more than $1 billion in orders for aircraft, the company said at the air show.

With the Paris Air Show in its second day Tuesday, carrier Aeroflot continued to be closely watched amid speculation it would sign an agreement for 50 aircraft from jet-fighter maker Sukhoi Aviation Holding.