Military Night and Thermal Vision Devices to be Manufactured in Armenia

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 “Alliance” free economic zone. Artsvik Minasyan, RA Minister of Economy, 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,” Artsvik Minasyan said.

In his words, investments will amount approximately USD 31 million, creating 10 workplaces in the first year, and more than 35 in the 5th year.