Kalashnikov takes a 33% stake in the Novosibirsk-based Institute of Applied Physics.
Kalashnikov will acquire the stake from the Kurganpribor holding, which manufactures a wide variety of civilian and military products.
The management of Kurganpribor and the Institute of Applied Physics said that the investment by Kalashnikov into the company would allow both organisations to increase their exposure to the Russian Ministry of Defence, as well as develop new weapons systems.
The institute's general director, Alexei Baryshev, said that the company would begin working with Kalashnikov on systems for fast naval boats.
Kalashnikov Concern is Russia’s largest manufacturer of automatic and sniper weapons, guided artillery shells, and a wide range of civilian products, including hunting rifles, sporting rifles, machines, and tools. Kalashnikov Concern products can be found in 27 countries, including the USA, the UK, Germany, Norway, Italy, Canada, Kazakhstan, and Thailand.
