Serbia Wins $400 Million Defense Contracts in Africa

20 11 2010

Serbian arms producers and defense specialists have jointly secured a $400 million order to build three military factories in Northern Africa, Blic newspaper reported, citing Defense Minister Dragan Sutanovac.

Sutanovac declined to specify locations of the future facilities. Key contractors will be Belgrade-based arms exporter Yugoimport SPDR and ammunition makers Krusik a.d., Sloboda a.d., and Prvi Partizan a.d., which have past experience in defense contracts with Libya, Egypt and Algeria, the newspaper reported.

Construction work is to begin in 2012, after designs are completed next year, according to the report.

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