Defense contractor Milrem to expand Tallinn workshop ({{commentsTotal}})

Milrem's Themis system at an exhibition.
Milrem's Themis system at an exhibition. Source: (Milrem)

Estonian defense contractor AS Milrem announced that it will expand its Tallinn workshop due to different development and cooperation projects, and added that it would soon add a construction tender.

“We have expanded 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 in our platform, ranging from weapons systems to radar, intelligence, and monitoring systems,” Milrem’s CEO, Kuldar Väärsi, told BNS.

In early October the company will participate in the biggest military trade fair of the United States, AUSA, with a cooperation partner whose name Väärsi wasn’t ready to mention yet. The joint venture is directed at the SMET program of the U.S. Army, which is to be commissioned in the coming years, and in the course of which the army was planning to buy more than 2,000 units of unmanned ground platforms, Väärsi said.

Milrem’s 2015 revenue reached €1.5m, no revenue was reported in 2014. The company's profit was €64,000.

According to Väärsi, Milrem can currently manage on its own, but he added that they were 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.

Editor: Editor: Dario Cavegn

Source: BNS



Opinion
Easter Monday a public holiday? But you're forgetting productionEaster Monday a public holiday? But you're forgetting production
Estonia’s Easter Monday time loop: Discussing an additional day off

Every year, Estonia reliably asks itself the question whether or not Easter Monday should be made a public holiday. Opinions differ. While one side emphasizes the importance of family time, the other thinks an additional day off would threaten economic growth.

Minister of Social Protection Kaia Iva (IRL).Minister of Social Protection Kaia Iva (IRL).
Samost: Kaia Iva’s charisma could help IRL out of long-term low

In Sunday’s “Samost ja Rumm” radio debate show, editor-in-chief of ERR’s online news, Anvar Samost, and journalist and former politician Hannes Rumm discussed the potential and actual candidates for the chairmanship of the Pro Patria and Res Publica Union (IRL). At the time of the broadcast, Helir-Valdor Seeder had not yet made his intention to run public.