Two n based arms manufacturers, and announced plans to merge under the brand, the two companies, both based in the city of , have been experiencing financial difficulties and a sharp drop in production output in recent years. izhmash has asked the n government for financial assistance to complete the planned merger.
The two enterprises will become the new, first proposed by Deputy Prime Minister , who oversees the Russian defense industry. It is due to be registered in time for Russia’s Arms Makers’ Day, September 19.
uided weapons, without specifying the timeframe. Izhmash has been manufacturing s since the world-famous assault rifle first went into series production in 1949, while is best known for producing Makarov and Yarygin pistols, according to the companies., which produces over 70 types of weaponry, including firearms, aircraft guns, precision artillery rounds, as well as a variety of sporting and hunting weapons, previously said it expected to sign 14.2 billion rubles worth of contracts for precision-g