"The Armed Forces will receive new strategic and tactical missile systems, such as RS-24 Yars, Bulava and Iskander M," Putin said at a meeting with defense industry officials in the southern Siberian republic of Udmurtia. "Starting from 2013, the production of [ballistic] missile systems must be doubled."
Putin said Russia will invest 77 billion rubles ($2.6 bln) in the production of ballistic missiles in line with a state program on the modernization of the defense industry until 2020.
Missile manufacturers, including a missile production plant in Votkinsk, will receive 15 billion rubles ($500 mln) in the next three years for the development of production capacity, the prime minister said.
"The financing will gradually increase in the future," Putin added.