The paper quoted company general director Vladimir Aleksandrov as saying that Russia's state arms exporter Rosoboronexport would soon sign a contract with a foreign state, and that Admiralty Shipyards had been chosen to fulfill this contract.
Sources in Rosoboronexport later confirmed that Russia and Vietnam had been negotiating a $1.8 billion deal on the delivery of six Kilo-class submarines to the Vietnamese navy for about a year.
Admiralty Shipyards is currently building two Kilo class submarines for Algeria to be delivered in 2009 and 2010.
Kilo class submarines, nicknamed "Black Holes" for their ability to avoid detection, are considered to be among the quietest diesel-electric submarines in the world.
The submarine is designed for anti-submarine warfare and anti-surface-ship warfare, and also for general reconnaissance and patrol missions.
The vessel has a displacement of 2,300 tons, a maximum depth of 350 meters (1,200 feet), a range of 6,000 miles, and a crew of 57. It is equipped with six 533-mm torpedo tubes.
As of November 2006, 16 vessels were believed to be in active service with the Russian Navy and eight submarines were thought to be in reserve. Another 29 vessels have been exported to China, India, Iran, Poland, Romania and Algeria.
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One of the main achievements of the 6th BRICS Summit was the signing of an official document on establishing a New Development Bank with a declared capital of $100 billion. The creation of the bank is an important step towards institutionalizing BRICS and strengthening its positions in the world in the long run.