Russia's Izhmash arms factory, manufacturer of the legendary Kalashnikov assault rifle, has won a 13 billion ruble (about $400 million) Defense Ministry tender for antitank missiles, the company said Monday, in one of its “largest state orders in recent years.”
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.
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