Izhmash Goes Bankrupt

I came across some interesting news this evening. It appears that Izhmash, makers of AK pattern rifles like the SAIGA line, is now bankrupt. There were reports that they were going bankrupt in September of 2009 that turned out to be untrue (or perhaps premature) so it will be interesting to see how things play out this time.

Rifles like this Arsenal SGL-21 are based on Izsmash Saigas that are imported in "sporting" configuration.

Source: Hurriyet Daily News

Source: Pravda


One Response to Izhmash Goes Bankrupt

  1. Matt April 23, 2012 at 15:48 #

    Wow this news sucks.

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