Zastava Arms Exports 17 Million Dollars in 2011

27 10 2010

Kragujevac – In the first nine months of thi 2010, the Kragujevac factory Zastava Arms exported products worth 17 million dollars.

By the end of 2010 Zastava Arms expects total exports to be around $ 22 million.

Zastava Arms products are marketed in over 40 countries, and for the first time their stainless steel hunting carbines are being supplied in Greenland.

The director of Zastava Arms “Rade Gromović told Serbian news agency Beta that the results are “encouraging ” and that the Ministry of Defence of Serbia is making efforts to initiate another cycle of equipping the Serbian Army with modern armament and military equipment from the Kragujevac factory.

“In October we closed a contract for the delivery of 192 pieces of the .50 cal. long range sniper rifle ‘Black Arrow’ for the Serbian Army with the prospect that by the end of the year we will sign another contract worth 92 million dinars for the delivery of underbarrel grenade launcher that is currently in its final testing stages,” said Gromović.

He said that it was a “good thing that the Ministry of Defence of Serbia plans to increase the volume of contracting not only for the ‘Arms’, but also for employing other capacities within the Serbian defense industry. ”




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