Military night vision/thermal vision devices to be manufactured in Armenia
YEREVAN, JULY 14, ARMENPRESS. The Armenian Government has provided the “Unikum Engineering” company with permission of business activities in the fields of electronics and precision engineering in the “RAO Mars” CJSC’s area of the “Aliiance” free economic zone.
Economy Minister Artsvik Minasyan said the company plans to manufacture night vision and thermal vision devices in the Free Economic Zone.
“It is scheduled that in the 2nd year of the project the exports will amount approximately 5 million dollars, and in the 5th year –around 12 million. During the first year it is planned to manufacture and export up to 1000 devices, and increase the quantity up to 5500. The main export direction is Russia”, the minister said.
Investments will amount approximately 31 million USD, 10 jobs will be created in the first year, and more than 35 in the 5th year.