The JV will be located in the town of Vyatskie Polyany, Kirov region, at the facilities of a Molot plant controlled by Russian Technologies. Molot used to manufacture Kalashnikov RPK light machine guns, automatic grenade launchers and ATGMs. But now Russian Technologies plans to restructure its small arms assets that also include Izhevsk-based Izhmash and Izhmekh companies. “All military products will be manufactured at Izhmekh and Izhmash while Molot will be repurposed”, mentioned Chemezov.
According to Kommersant daily, the annual sales volume of the new JV is to amount to 35 million euro. It will manufacture 160 thousand firearms a year, including about 60 thousand military handguns. The agreement between Russian Technologies and Beretta will be reportedly finalized in May.
Source: M. Pyadushkin for Aviation Week.