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Thursday, 28.03.2024, 12:51
Estonian defense co Milrem to expand Tallinn workshop
"We have grown our
team of engineers and it will grow even more this year. The scope of
development has been increasing due to cooperation projects where we integrate
different solutions, starting from weapon systems and ending with radar,
intelligence and monitoring systems, onto our platform," told head of the
company Kuldar Vaarsi.
At the beginning of
October the company will participate in the biggest military fair of the U.S.,
AUSA, with a cooperation partner whose name Vaarsi did not want to mention yet.
Cooperation is directed at the SMET program of the U.S. Army which is to be
launched in the coming years and in the course of which the army will buy more
than 2,000 units of unmanned ground platforms, Vaarsi said.
The company's revenue in
2015 totaled 1.5 mln euros, compared
with no revenue in 2014. The company's profit was 64,000 euros.
According to Vaarsi the
company at the moment manages with its own means but they are also in talks
with potential investors.
At the end of 2015 the
company had a workforce of 20 people and wage costs totaled 265,000 euros