Armenian Defense Ministry concludes deals to purchase goods worth over $300M

16:10 | 15.04.2024
Armenian Defense Ministry concludes deals to purchase goods worth over $300M

Armenian Defense Ministry concludes deals to purchase goods worth over $300M

The Armenian Defense Ministry has signed deals with defense enterprises worth 122 billion drams (about $312.8 million), High-Tech Industry Minister Mkhitar Hayrapetyan said during a press conference, reported from Armenian media.

According to Hayrapetyan, 25 enterprises have received orders. Within the ministry, there is a military-industrial committee that performs the functions of improving the environment for cooperation between the Defense Ministry and military-industrial enterprises.

Hayrapetyan said that several types of weapons and control systems have already been tested and they will enter service shortly.

The minister noted that a total of 46 contracts have been signed. It is expected that by the end of the year, four more companies will receive orders, with the total amount reaching $489.7 million.

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