Kalashnikov gun maker lands $400 mln missile contract

 

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. Vikhr is a laser-guided antitank missile, used by Russia’s Ka-50 and Ka-52 attack helicopters and Su-25 ground-attack aircraft. (Read more)