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PANAGYURISHTE, (BGM) - Rafael Advanced Defense Systems Ltd. will hold a special event in Sofia next week, focused on industrial and technological cooperation between Rafael and Bulgarian companies, learned BulgarianMilitary.com, axxording Rafael`s press release. Read more: Rafael Presents a Solution for Enhanced 8X8 Combat Vehicle Survivability…

SOFIA, Bulgaria (BulgarianMilitary.com) - Bulgarian state-owned arms trader Kintex said that its net profit grew to 21.6 million levs (US$12.4 million/11.0 million euro) in 2018 from US$9,4 mln. the year before, despite a drop in revenue, learned bulgarianMilitary.com, quoting SeeNews. The company's total revenue lost 23% to US$147 mln. last…

KAZANLAK, Bulgaria (BulgarianMilitary.com) - The director of finance at the biggest Bulgarian military producer “Arsenal” JSCo - Mr. Yanko Kostadinov shared that the year 2018 was the third consecutive one with very good financial results, no reductions are planned and the company operates at a stable state, learned BulgarianMilitary.com He…

TARGOVISHTE (Bulgaria), April 28, 2018, Source: Mediapool.bg, Picture: MoD The Government is going to vote the granting of BGN 1.22 billion for the modernization of the Bulgarian Army, and its only condition is the military machines to be manufactured in the country. This became clear during the visit of the Prime Minister Boiko Borisov and the…

Finland's Patria said on Wednesday it is offering to Bulgaria the options of technology transfer and local production in case the Balkan country chooses to acquire armoured modular vehicles (AMVs) from the company. The company offers a scheme for industrial participation and local production that will leave more than 50% of the investment in…