September 26, 2009

Russian arms manufacturers MiG and Izhevsk both looking at bankruptcy

MiG is looking to restructure and merge with several other Russian aircraft manufacturers in reorganization, MiG is of course famous for their fighter jets.  Ishevsk or Izhmash is also looking at bankruptcy, one of their main suppliers is owed over $13 million US.  Ishevsk is the manufacturer of most of Russia's small arms, most famously the Kalashnikov series of rifles, and is one of the largest weapons manufacturers in the world.  Their largest problem is that the AK is easy to produce and manufacture, so they have all these former Soviet Bloc nations and Soviet-allied Third World states producing them at a much lower cost then they are, and the AK was never patented, so they usually aren't seeing royalties on it either. 

Posted by: doubleplusundead at 09:23 AM | Comments (1) | Add Comment
Post contains 133 words, total size 1 kb.

Comments are disabled. Post is locked.
12kb generated in CPU 0.0515, elapsed 0.299 seconds.
61 queries taking 0.2907 seconds, 133 records returned.
Powered by Minx 1.1.6c-pink.