Zastava Arms back to old glory

Zastava Arms plans 2008 exports to reach USD 20mn, the best result for the Kragujevac-based company in more than a decade.

Izvor: Beta

Tuesday, 06.11.2007.

16:17

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Zastava Arms plans 2008 exports to reach USD 20mn, the best result for the Kragujevac-based company in more than a decade. The factory has, according to Danas newspaper, made deals to export infantry armaments, including rifles, automatic rifles and military equipment worth USD 15mn. Zastava Arms back to old glory However, a new business arrangement is expected this month, worth some USD 3 to 4mn. A part of this contract will be with the countries that are seen as global hotspots, while distribution will go through U.S. and British companies. Zastava has also extended its cooperation with U.S. Remington, which means that the Kragujevac manufacturer will sell hunting rifles and small caliber pistols and rifles in the U.S. market next year as well. Estimates say that next year Zastava's exports to the American market will be worth up to USD 4mn. The 2008 revenue figure, which is to reach USD 20mn, is the best result that the company has had since the late 1980's.

Zastava Arms back to old glory

However, a new business arrangement is expected this month, worth some USD 3 to 4mn. A part of this contract will be with the countries that are seen as global hotspots, while distribution will go through U.S. and British companies.

Zastava has also extended its cooperation with U.S. Remington, which means that the Kragujevac manufacturer will sell hunting rifles and small caliber pistols and rifles in the U.S. market next year as well.

Estimates say that next year Zastava's exports to the American market will be worth up to USD 4mn.

The 2008 revenue figure, which is to reach USD 20mn, is the best result that the company has had since the late 1980's.

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