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.
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData