Russia's arms factory wins $400mln antitank missile tenderJuly 22, 2013 - 18:01 AMT PanARMENIAN.Net - Russia's Izhmash arms factory, manufacturer of the legendary Kalashnikov assault rifle, has won a 13 billion ruble (about $400 million) Defense Ministry tender for antitank missiles, the company said Monday, July 22, in one of its “largest state orders in recent years.” Izhmash is to deliver Vikhr-1 long-range, supersonic antiarmor missiles by the end of 2015, company CEO Konstantin Busygin said, according to RIA Novosti. The Vikhr-1 contract will enable Izhmash to tackle almost all of its financial problems, he said in late May, adding its current debt stands at 3 billion rubles. Busygin also said the company has asked the Russian government for financial assistance to complete its merger with gun-maker Izhmekh under the Kalashnikov brand. The two companies, both based in the city of Izhevsk, have been experiencing financial difficulties and a sharp drop in production output. The two enterprises will become the new Kalashnikov Corporation, first proposed by Deputy Prime Minister Dmitry Rogozin, who oversees the Russian defense industry. It is due to be registered in time for Russia’s Arms Makers’ Day, September 19. Izhmash, which produces over 70 types of weaponry, including firearms, aircraft guns, precision artillery rounds, as well as a variety of sporting and hunting weapons, previously said it expected to sign 14.2 billion rubles worth of contracts for precision-guided weapons, without specifying the timeframe. Izhmash has been manufacturing Kalashnikovs since the world-famous assault rifle first went into series production in 1949, while Izhmekh is best known for producing Makarov and Yarygin pistols, according to the companies. Vikhr is a laser-guided antitank missile, used by Russia’s Ka-50 and Ka-52 attack helicopters and Su-25 ground-attack aircraft. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |