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Kalashnikov buys Russian aerospace design company

14 September 2018

Russian small arms manufacturer Kalashnikov has taken a 60% stake in aerospace design company NPO Molniya, according to local press reports. The deal, the terms of which were reported to have been agreed in August, will see Kalashnikov acquire a majority share in the company from previous owner Rostec.

NPO Molniya is best known for its involvement in the development of the Buran, a Soviet-era reusable spacecraft.

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