Russia has plans to commission 70 new strategic nuclear missiles amid US plans to deploy a missile defense shield in Eastern Europe.
"More than 70 strategic missiles will be bought and delivered to troops in the next three years, more than 30 short-range Iskander missiles and a large number of booster rockets and aircraft," Interfax news agency quoted Vladislav Putilin, the deputy head of Russia's military-industrial commission, as saying.
Russian military will also acquire 14 naval vessels, 48 combat jets, more than 60 military helicopters and almost 300 tanks in three years.
The plans are part of efforts to modernize and increase the capacity of Russia's military and Moscow will spend USD 141b (4 trillion rubles) on upgrading its army in 2009-11.
The plans to modernize the military come as the tension between Moscow and Washington remains high over the controversial missile shield, which Russia strongly opposes.
While the US claims the system functions as a precautionary measure against potential threats from what it calls 'rogue states', Russia considers it a grave threat to its security and has threatened to give a harsh response should the missile shield be installed.
Moscow had earlier revealed plans to deploy the short-range Iskander-M missile system in Kaliningrad, near Poland, in response to the deployment of 10 US missile interceptors in neighboring Poland and a radar tracking site in the Czech Republic.
However, the Kremlin later said it would temporarily halt the plan until US President-elect Barack Obama take office in January.
Russian President Dmitry Medvedev and Prime Minister Vladimir Putin have urged Obama to drop the missile defense plans once he takes charge.
HE/MMN