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.