Kalashnikov Manufacturer Faces Bankruptcy

By Benjamin BidderIt produces the most popular automatic rifles in the world but the company that makes the Kalashnikov, or AK-47, is in trouble. It has had to deal with a slump in arms exports and competition from the makers of copycat versions around the world. Now a shady businessman has filed bankruptcy proceedings against the company The Kalashnikov automatic rifle was invented in 1947 by a Russian engineer, Mikhail Kalashnikov, who was upset that the German army had guns that fired automat

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Tagged as: Ak 47, Arms Exports, Automatic Rifle, Automatic Rifles, Bankruptcy Proceedings, Businessman, Faces, German Army, Guns, Mikhail Kalashnikov, Russian Engineer, Slump