Armenia to purchase $490 million worth of domestic munitions

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YEREVAN, June 12. /ARKA/. Armenia will spend around 190 billion AMD (roughly $490 million) on domestically-produced munitions until the end of 2025, deputy parliamentary speaker Hakob Arshakyan said on Wednesday./pp “Armenia was only spending about several billion AMD on domestic weapons each year prior to 2018,” he said, reporting on the 2023 state budget./pp

Arshakyan noted that such progress has been achieved thanks to the government that sponsors defense research./pp br/p