MODİAR signs military contracts for $101 million
Ministry of Defence İndustry of Azerbaijan (MODİAR) exports military products to relevant structures of more than 10 countries.
Defence Industry Minister Yaver Jamalov has stated that total value of the concluded contracts for delivery of military products amounts to $101 million.
Jamalov said, of them, $57 million on the valid contracts and $44 million on the contracts to come into force after submission of the customer’s certificate.
He points out that in 2017 it is planned production of defence output ordered by the Defense Industry Ministry and other security agencies of the country for AZN 123.7 million. In the first quarter of 2017 manufacture of military output increased by 5.7% compared with the same term of 2016, and that was ensured due to export.