Kalashnikov to acquire 33% stake in rocket maker

摘要

Kalashnikov announced on 7 March that it is to take a 33% stake in the Novosibirsk-based Institute of Applied Physics. Kalashnikov will acquire the stake from the Kurganpribor holding, which manufactures a wide variety of civilian and military products. In statements issued by senior staff and published by Russian defence holding firm Rostec, the management of Kurganpribor and the Institute of Applied Physics said that the investment by Kalashnikov into the company would allow both organisations to increase their exposure to the Russian Ministry of Defence, as well as develop new weapon systems.