Russia supports Uralvagonzavod
The Russian government is providing financial support to state-owned tank manufacturer Uralvagonzavod.
Loss-making business activities have resulted in the company developing a debt load of RUB170 billion despite revenue of RUB127.5 billion ($1.3 billion) in 2014.
Moscow is ploughing RUB16.7 billion ($300 million) into Uralvagonzavod to keep it main research and development and production programmes going.
In addition to state guarantees, Uralvagonzavod hopes to receive state funds worth RUB35.2 billion for recapitalisation.
According to Oleg Siyenko, director general of Uralvagonzavod, the provision of state guarantees will allow the company to implement its investment projects in full, and in particular to
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![Lockheed Martin to look further afield for GMARS rocket system opportunities]()
Lockheed Martin to look further afield for GMARS rocket system opportunities
The HX truck is already in use in many NATO and allied countries around the world as a logistics vehicle and carrier for high-value systems, including missile firing weapons, so its use for the Global Mobile Artillery Rocket System makes logistical sense.
-
![Beyond Survivability: How Active Protection Systems Are Empowering Commanders (Podcast)]()
Beyond Survivability: How Active Protection Systems Are Empowering Commanders (Podcast)
As threats diversify and intensify, APS are proving essential not just for vehicle protection but also for enhancing operational freedom, effectiveness and mission success in contested environments.
-
![Medium knocked out of British Army LMP, with CAVS as heavyweight champion]()
Medium knocked out of British Army LMP, with CAVS as heavyweight champion
As the British Army seeks to modernise and consolidate its diverse vehicle fleet, yet another change in direction is underway.
