Turkey, Azerbaijan to establish arms production company![]() June 22, 2010 - 11:10 AMT PanARMENIAN.Net - Turkey will join forces with Azerbaijan to establish an arms production company in Baku, Today’s Zaman reported. Azerbaijani company Azersimtel is currently holding discussions over the structure and scope of the new company's operations. The Turkish Mechanical and Chemical Industry Corporation (MKE) will reportedly hold a large share of the military facility. In the first stage of production, the company is expected to produce attack weaponry for the Azerbaijani armed forces. In the following stages of production, the company will produce materiel, munitions and ammunition, as well. Using the trade networks of both Azerbaijan and Turkey, the arms company will most likely export some of its products abroad. ![]() ![]() Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. ![]() ![]() Partner news | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |