About 70 percent of the former Soviet Union's defence industries are located in the Russian Federation. Many defence firms have been privatised; some have developed significant partnerships with firms in other countries.
The recent steps towards modernization of the Armed Forces have been made possible by Russia's economic resurgence based on oil and gas revenues as well a strengthening of its own domestic market. Currently, the military is in the middle of a major equipment upgrade, with the government in the process of spending about $200 billion (what equals to about $400 billion in PPP dollars) on development and production of military equipment between 2006 and 2015 under the State Armament Programme for 2007–2015. At this point, the Russian MoD plans to purchase, among others, up to 250 ICBMs, 800 aircraft, 1,200 helicopters, 44 submarines, 36 frigates, 28 corvettes, 18 cruisers, 24 destroyers, 6 aircraft carriers, and 62 air defence battalions. Several existing types will be upgraded.
In total since 2012 and as of 2017, the Armed Forces received more than 30,000 units of new and modernized weapons and equipment, including more than 50 warships, 1,300 aircraft, over 1,800 drones, 4,700 tanks and armored combat vehicles compared to two warships, 151 aircraft and 217 tanks received in 2007–2011. The Russian army also receives 150–250 aircraft per year and over 300 short-range UAVs. Twelve missile regiments have been rearmed with Yars ICBMs, 10 missile brigades with Iskander tactical ballistic missile systems, 13 aviation regiments with MiG-31BM, Su-35S, Su-30SM, and Su-34 combat aircraft, three army aviation brigades and six helicopter regiments with Mi-28N and Ka-52 combat helicopters, 20 surface-to-air missile (SAM) regiments with S-400 Triumf SAM systems, 23 batteries with Pantsir-S self-propelled anti-aircraft gun-missile systems, and 17 batteries with Bal and Bastion mobile coastal defence missile systems [MCDMSs] since 2012 and as of March 2019. Since 2012 and as of April 2021, the Ground Forces have received more than 15,500 pieces of weapon systems and equipment and rearmed all missile brigades with the Iskander tactical ballistic missile system. Aerospace Force and naval aviation have received over 1,500 aircraft and helicopters and the Navy more than 190 ships, vessels and boats. Since 2012 and as of December 2020, the number of long-range land-, sea-, and air-launched cruise missiles increased by 37 times. The number of their cruise missile carriers was also increased by 13 times.
