Via his Facebook page, Larry Vickers shares with us some photos of a prototype upgraded AK-74 rifle, made by Kalashnikov Concern and adopted by the Russian Army:

The modernization package offers the Russian Army the option to retrofit existing rifles to a newer standard, most likely with a significant cost-savings versus buying new AK-12s which are expected to cost the equivalent of about $1,000 per. I suspect the Russian Army will pursue both strategies, retrofitting AK-74s to the new standard and adopting the AK-12 or A545 in more limited numbers, slowly replacing existing and worn-out rifles with the new type.