MOSCOW - Russian news agencies are citing Defense Ministry officials as saying the country will spend $650 billion to equip its  military with 600 new warplanes, 100 ships and 1,000 helicopters by 2020.

The agencies quote First Deputy Defense Minister Vladimir Popovkin as saying Thursday that the ambitious plan envisages eight new nuclear submarines and two Mistral aircraft carriers in addition to the two that Russian is buying from France.