VPK, VEB sign 3.3bn RUR contract at RAE 2013

September 27, 2013. Military & Industrial Company (VPK) and Vnesheconombank (VEB) signed a 3.3.bn RUR cooperation agreement valid for ten years. The signature took place at Russia Arms Expo in Nizhniy Tagil today, UrBC reporter says.

The contract provides for the creation of a specialized technological center for design, development, and production of military armored wheeled vehicles.

Both heads of VPK and VEB as well as Director-General of Uralvagonzavod Oleg Sienko and Russian Vice Premier Dmitri Rogozin were present at the signing ceremony.

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