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"Our situation is stable", said Alexander Brindikov, head of a group that advises arms exporter Rosoboronexport.

The exporter expects sales to reach $7 billion this year, equal to sales for 2008, RIA Novosti reported Wednesday.

Currently, the company's backlog of orders is valued at $27 billion

However, "today in the marketplace defense enterprises with the lowest levels of cooperation suffer the most, and this could lead to defaults on contracts", Brindikov said.

Russia's chief arms purchasers remain China and India, although arms, including MiG fighters, helicopters, battle tanks and armored personnel carriers are sold to about 80 different countries.

To keep business rolling, Rosoboronexport recently said it would offer loans and debt write-offs to some customers. The company has also increased its emphasis on servicing, upgrading, repairing and even decommissioning military equipment, RIA Novosti said.

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