AK-47: The Real Weapon of Mass Destruction

Last month, Izhevsk Machine Works sold its stake in almost half of its company to two private investors for $78 million. The sale is expected to quadruple its annual profit to $770 million and increase output to 1.9 million guns annually by 2020. The success of the company is largely due to American sales, which account for 40% of the factory’s output.[1] The sale represents the power of Russia’s defense industry, which accounts for 20% of all manufacturing jobs.[2] Izhevsk Machine Works is a R...
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