Search for

No matches. Check your spelling and try again, or tryaltering your search terms for better results.

situation report

Dec 28, 2016 | 15:09 GMT

Russia: Defense Industry Reorganization Consolidates Armored Vehicle Production

Russian state-owned company Rostec took control of UralVagonZavod and Kurganmashzavod, two companies involved in the production of armored military vehicles, Kommersant reported Dec. 28. UralVagonZavod is known for the production of battle tanks, while Kurganmashzavod produces armored fighting vehicles. It is unclear how the consolidation could impact the production of tanks and armored vehicles. The move is likely an attempt to rescue debt-ridden UralVagonZavod and improve efficiency in the country's armored vehicle production sector. It is also likely a political play for consolidation by Rostec chief Sergei Chemezov, who recently received a large bailout from the Kremlin aimed at making sure defense sector companies stay afloat.

Stratfor
YOU'RE READING
Russia: Defense Industry Reorganization Consolidates Armored Vehicle Production
CONNECTED CONTENT
1 Topics |  1 Geo 
SHARE & SAVE

Copyright © Stratfor Enterprises, LLC. All rights reserved.

Stratfor Worldview

OUR COMMITMENT

To empower members to confidently understand and navigate a continuously changing and complex global environment.

GET THE MOBILE APPApp Store
Google Play