Posts tagged as US capital

Bankruptcy of JSC Baltic Defence Industries in Lithuania

By Donatas PALAVENIS on Tuesday, May 4, 2021

The Lithuanian defence industry is quite small and produces mostly tier 2 and tier 3 type products. Most of the production goes for export, which comprises around one percent of all the state export. Two years ago a new player “NBC Security Inc”, registered in the US, established a subsidiary in Lithuania – Joint Stock Company (JSC), “Baltic Defence Industries”, which has provided some expectations in improving the indigenous defence…