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Russia unveils its new fighter jet, the "Checkmate."

Russian State aerospace and military giant, Rostec, unveiled Russia's new fifth-generation fighter jet on Tuesday.

The conglomerate's President, Sergei Chemezov, said the new fighter can be armed with guided and unguided weapons, can reach speeds of up to 2200 km/h, and has a flight range of 3000 km. He also said that it would cost $25 million to $30 million, which is substantially lower than its foreign counterparts, whose prices range between $60-$90 million.

The Checkmate will reportedly be pro