Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Russian defense firm to open two plants in Volga area to produce air defense systems

September 04, 2015, 12:50 UTC+3 NIZHNY NOVGOROD
The plants will manufacture the newest antiaircraft and anti-missile defense systems and also radar stations, including components for the promising S-400 and S-500 surface-to-air missile systems
1 pages in this article
© ITAR-TASS/Sergey Bobylev

NIZHNY NOVGOROD, September 4. /TASS/. Russia’s Almaz-Antey, which produces the famous S-300 and S-400 air defense missile systems, plans to open two new factories in Kirov and Nizhny Novgorod in the Volga area before the end of 2015, Almaz-Antey Deputy CEO for Strategic Development Alexander Koval told TASS on Friday.

Almaz-Antey also intends to open a technological park in St. Petersburg by late 2016, he said, adding the total sum of investments in the company's new projects amounted to about 74 billion rubles ($1.09 billion).

"Problems do exist but I can say that we have resolved all the issues related to the [Western] sanctions against the two new factories and, therefore, they will undoubtedly be launched into operation this year," he added.

The 70th Victory Day Anniversary Nizhny Novgorod Plant and the Missile Factory in Kirov will manufacture the newest antiaircraft and anti-missile defense systems and also radar stations, including components for the promising S-400 and S-500 surface-to-air missile systems, the Almaz-Antey official said.

Show more
In other media
Реклама
Реклама