Kalashnikov Concern (Izhevsk Machinebuilding Plant until 2013; Russian: Ижевский машиностроительный Завод) or IZHMASH (ИЖМАШ) is the largest arms manufacturer in Russia headquartered in both Izhevsk (Udmurtia, Russia) and Moscow that produces a wide range civilian and military weapons including assault and sniper rifles, guided artillery projectiles and a wide range of other precision weapons. The majority of civilian products includes hunting shotguns, sporting rifles, various machines and tools.
The Concern produces about 95% of all small arms in Russia and supplying to more than 27 countries around the world. The Concern contains three brands: "Kalashnikov" (combat and civilian weapons)", "Baikal" (hunting and civilian guns), and "Izhmash" (sporting rifles). The Concern is developing new business lines that include remote weapon stations, unmanned aerial vehicles and multi-functional special-purpose boats.
In May 2014 a deal to transfer 49% of the company’s shares to private investors (Andrey Bokarev and Alexey Krivoruchko) was completed, a majority – 51% – remained within the state-owned corporation Rostec. At the same time, by agreement of shareholders, the control over the management of the Concern always stays with the private shareholders. Therefore, although the state has remained a controlling stake owner, the management structure of Kalashnikov today is of a private company.