Azerbaijan and Paramount Extend Joint Production of Armoured Vehicles

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.

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.

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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.