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| Thursday, January
26, 2012, 09:55 AM |
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| Russian
Kalashnikov assault rifle manufacturer Izhmash sales up 57.4% in 2011. |
Izhmash,
the manufacturer of Kalashnikov AK assault rifles, said its sales were
up 57.4 percent last year at 5.73 billion rubles (about $190 million).
Civilian weapon sales rose 25 percent and a similar increase is expected
this year, Izhmash press secretary Yelena Filatova said.
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Designer Mikhail Kalashnikov poses with its AK-74 assault rifle
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Production
is to increase 30 percent this year, to 5.1 billion rubles, she added.
In September 2011, Chief of the Russian General Staff Nikolai Makarov
said the Defense Ministry had stopped procuring AK-74 rifles because of
oversupply, indicating that new models of small arms and light weapons
would replace it.
The AK-74 is the most widely used and well-known assault rifle in the
world. It is used by some 50 armies around the world, as well as countless
guerrilla movements.
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