One of the largest shipbuilding companies of St. Petersburg JSC Admiralty Shipyards, which belongs to the state-owned United Shipbuilding Corporation, will receive four billion roubles in the next four years for expanding its manufacturing base. The funds are being allocated under the federal target program for the development of the defense industry. “A modernization program is underway at the Shipyards,” according to Alexander Buzakov, the CEO of Admiralty Shipyards.