Armenia’s two military factories to be merged

Armenpress News Agency , Armenia
 Thursday


Armenia's two military factories to be merged



YEREVAN, AUGUST 10, ARMENPRESS. Armenia’s government made a decision
to merge the 65th military factory CJSC and Garni-Ler
scientific-production unit OJSC, reports Armenpress.

As a result, the Republic of Armenia will be a 100% owner of the
Garni-Ler OJSC which will enable the company to be engaged in state
military-industrial development programs, according to which,
investments are expected to be made in priority 100% state
enterprises, as well as to take part in talks on company related
issues, in the processes of creating joint enterprises within the
frames of international agreements.

Defense minister Vigen Sargsyan said the decision aims at making the
repair and modernization process of military products effective by
merging the production and mobilization capacities of the two
companies. “Mr. Prime Minister, this decision is aimed at implementing
our government’s policy, increasing the efficiency of enterprises with
state participation”, the minister said.

65th military factory is a company with 100% state participation which
is mainly engaged in repair of small arms, artillery separate systems,
as well as in technical service works in the army.

Garni-Ler scientific-production unit is a company with 98.4% state
participation which is managed by the defense ministry. The company is
engaged in production of firearms, development of new types of
weapons.