The Azerbaijan Ministry of Defence Industries (MDI) has extended the joint production agreement with Paramount Group to produce 60 new mine-protected vehicles.

The extension follows Paramount’s establishment of a joint production facility and the production of an initial 15 Matadors and 15 Marauders vehicles for Azerbaijan.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The 60 new mine-protected vehicles will comprise 30 Marauder and 30 Matador improvised explosive devices (IED) and mine-protected vehicles.

Azerbaijan minister of defence industry Yaver Jamalov said the advanced IED-protected vehicles were highly flexible and met the requirements of Azerbaijani armed forces.

Paramount Group executive chairman Ivor Ichikowitz said the agreement would help explore future joint production partnerships in the development of mine-protected vehicle technology.

Deliveries are expected to run through to late 2012.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Army Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Army Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now