The story
The company was founded in 1949 by the decree of the Prime Minister of Yugoslavia Josip Broz Tito, with the primary goal of importing parts and raw materials for the needs of the domestic defense industry. Over time, domestic production outgrew the needs of the domestic market, so Yugoimport started orienting towards foreign markets. Yugoimport started exporting weapons in 1953.
By a state resolution in 1974, affairs related to the import and export of weapons were centralized within the framework of the newly formed Federal Directorate for Procurement (Savezni direktorat za nabavke), where Jugoimport was also involved.
After several reorganizations, Yugoimport-SDPR became a fully owned state-company. During its history, the company has sales of approximately 22 billion dollars through the trade of weapons, equipment and technology.
From Wikipedia’s article on Yugoimport–SDPR, shared under CC BY-SA 4.0.4