Daily Archives: July 22, 2013
Russia’s Izhmash arms factory, manufacturer of the legendary Kalashnikov assault rifle, has won a 13 billion ruble (about $400 million) Defence Ministry tender for antitank missiles.
Izhmash is to deliver Vikhr-1 long-range, supersonic antiarmor missiles by the end of 2015, company CEO Konstantin Busygin said.
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.
About 13,000 servicemen will participate in a Russian-Belarusian joint military exercise code named Zapad 2013 in September.
The Russian Armed Forces will contribute 2,500 troops, while Belarus will send 10,400 servicemen.
The exercise will take place in Belarus and in Russia’s Western Military District, as well as in the Barents and Baltic seas. There are no plans yet to invite NATO representatives to the exercise. Some 60 aircraft and helicopters and up to 250 combat vehicles will be involved on both sides.