IZHEVSK, March 21. /TASS/. The Kalashnikov concern last year garnered a 17-billion-ruble revenue ($267 million) showing a 280% growth against 2017 as follows from statistics published on the concern’s website on Thursday. The concern’s reported net profit is 175 million rubles ($2.7 million).

The concern says the financial parameters reflect growing production on internal government and military-technical cooperation contracts for providing the 200th series automatic rifles and AK12, robots, drones and other cutting-edge technologies.

The Kalashnikov group of companies incorporates the Kalashnikov Concern proper, Izhevsk Mechanical Plant, Rybinsk Shipyards, Nobel Brothers Shipyards, Mytishchi Machine-Building Plant, designer and producer of drones ZALA AERO, research and industrial association NPO Molniya and some other enterprises.