Thursday, May 03, 2012 -
Kazakhstan and Ukraine on Thursday came to a $150 million agreement to jointly produce armored vehicles.
The agreement was reached during the Kadex 2012 defense exhibition in the Kazakh capital Astana, the RIA Novosti news agency reported.
“Today we’ve moved to a new level – production of the most modern Ukrainian designed product, the BTR-4,” the general director of Ukroboronprom, Dmitry Peregudov, said. Ukroboronprom is a defense manufacturer.
“In all, a hundred machines will be built,” he said. “The first ten will be built this year, and the remaining 90 next year. The overall value of the deal is $150 million.”
As part of the deal, the Ukrainian firm will train Kazakh personnel, as well as guarantee delivery of technology and systems, Kazakh Engineering head Bolat Smagulov said.
“We’re interested in the development of joint projects, in particular large caliber guns, navigation systems, and other defense items,” Smagulov said.