Gevorkyan establishing defense sector subsidiary

Powder metallurgy firm Gevorkyan (Artur Gevorkyan) is establishing a subsidiary, Gevorkyan Force Defense, focused on the defense sector. It has supplied this market for years, and deliveries have recently increased. The latest example is cooperation in the development and production of ammunition components. The company does not plan to manufacture weapons or ammunition, only components. Last year, it reported revenues of €75.7m and a net profit of €3.8m.

(forbes.sk)