Tuesday, May 21, 2024
A nearly half-billion dollar contract issued to a Chicago-based steel company to make bunker-buster bombs is being revoked after complaints by lawmakers about the company's ties to a Russian oligarch, Bloomberg reports. The Air Force awarded a contract worth $419.6 million to A. Finkl & Sons Co. to produce bomb...
Russia’s state-owned company Energomash signed a contract with U.S. aerospace manufacturer Orbital ATK to supply four additional RD-181 rocket engines for US Antares-type launch vehicles, two top managers in the aerospace industry told business newspaper Kommersant. The chief of Russia’s state nuclear agency Roscosmos Dmitry Rogozin, responding to a...
The brand new Russian presidential limousine was revealed to the public at the Moscow International Automobile Salon (MIAS), a biennial auto show held at Crocus Expo, TASS news agency reports. The new Aurus Senat limousine from the Cortege project was first shown during Vladimir Putin's inauguration ceremony on May 7. Since then, the...
As the process of transforming Soviet-era retail stores in Russia comes to an end, most Russian cities and larger towns are now serviced by supermarkets and the companies are already starting to focus on new formats to boost sales and better meet the changing demands of the population, Intellinews...
Contracts for the construction of 12 Angara A5 heavy lift launch vehicles were signed by the Khrunichev State Research and Production Space Center, a Moscow-based company, the spacecraft maker’s Chairman of the Board of Directors Nikolai Sevastyanov said in an interview with business newspaper Kommersant. "Currently, 12 contracts for the construction...
The most famous product for which Russia’s Kalashnikov Concern is known around the world is the AK-47 assault rifle. But now the arms maker wants to spread its wings, unveiling an electric car concept this week at an expo in Moscow that the company says will hopefully make it...
Russian mining and metals concern Mechel said on Wednesday its coal output in the second quarter fell 5 percent compared with the first quarter to 4.726 million tons, according to Finanz.ru. Coking coal concentrate sales amounted to 1.911 million tonnes in the second quarter, up 19 percent quarter-on-quarter, the company’s...
Turkey said on Tuesday it will receive the first S-400 missiles from Russia in 2019, a year earlier than previously announced, NTV reported citing Interfax news agency. "The contract on the S-400 to Turkey is being executed within the agreed timeline," said Alexander Mikheyev, chief of Rosoboronexport, Russia's state...
Lada Vesta became the domestic bestseller in Russia in the first half of 2018, the country’s analytical agency Autostat reported on Monday. "About 173,000 new cars of national brands were sold in Russia in six months of 2018, up 20% on an annualized basis. Lada Vesta model has become the...
The Kristall Non-Ferrous Metallurgy factory, located in the Russian region of North Ossetia, will be restored by holding company S7 Group, Alania TV reported. The factory, dating back to Soviet times, used to be the only producer of vacuum cooper in the country. The local Minister of Industry and Transport Khaidarbek...