YEREVAN (A.W.)—Armenia’s Minister of the Economy and member of the Armenian Revolutionary Federation (ARF) Supreme Council Artsvik Minasyan announced on July 14 that military-grade night and thermal vision devices will soon be manufactured in Armenia.
“It is scheduled that in the second year of the project, the exports will amount to approximately $5 million, and in the fifth year, around $12 million,” Minasyan said.
Unicom Engineering was granted an operator’s permit to produce the devices during the July 14 session of the Armenian government, reported Armenia’s ArmenPress news outlet.
Minasyan also said that during the first year, the company will manufacture and export up to 1,000 devices, and that they will mainly be exported to Russia.
During the first five years of the implementation of the project, the investment will amount to over $31 million.
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