The German defense conglomerate Rheinmetall AG assumes that the amount of potential orders for its future ammunition plant in Ukraine will exceed 2 billion euros, according to Rheinmetall’s presentation summarizing the half-year results. On July 24, Rheinmetall announced that it had received a contract for the construction of an ammunition plant from the government of … Read more
Ukraine’s state-owned defense company, the Ukrainian Defense Industry (Ukroboronprom), was ranked for the first time in history among the top 50 global defense companies by Defense News, Strategic Industries Minister Alexander Kamyshin said on Aug. 8. Ukroboronprom is a leading strategic manufacturer of weapons and military hardware in Ukraine. The association includes enterprises that develop, … Read more
The Defense Procurement Agency of the Ministry of Defense of Ukraine has signed contracts with 102 domestic suppliers or manufacturers, 45% of which are UAV producers, Hlib Kanievskyi, head of the Procurement Policy Department of the Ministry of Defense, said in an interview with Interfax-Ukraine. Domestic manufacturers primarily supply armored vehicles, mortars, and self-propelled artillery … Read more
Ukraine has the production capacity to produce more than 3 million drones a year, but requires financing from foreign partners, Deputy Strategic Industries Minister Hanna Hvozdiar said on July 30. Drones have been a key tool in Ukraine’s defense against Russia’s war. Ukraine officially presented its Unmanned Systems Forces in June, after President Volodymyr Zelensky … Read more
Ukraine has signed two contracts worth a total of $121 million with domestic defense industry companies, Defense Minister Rustem Umerov said on July 30. In a post on Facebook, Umerov described the two deals as “critically important for the Armed Forces of Ukraine.” “Our defense industry is getting stronger,” he said, adding: “As we buy … Read more
Ukrainian company Skyeton expanded the production of Raybird UAVs to Slovakia. $3,5 million was invested in the launch, Oleksandr Stepura, the company`s founder, said in an interview for Forbes Ukraine. According to Oleksandr, the production was expanded there in case a russian missile hit a Ukrainian factory. The company rents 1,000 m2 abroad. Moreover, production … Read more
Czech company Colt CZ will begin manufacturing ammunition and assault rifles in Ukraine, Ukrainian Prime Minister Denys Shmyhal announced during a briefing in Prague after meeting with Czech Prime Minister Petr Fiala. “A new ammunition factory will be built in Ukraine. The agreement has been signed between Sellier & Bellot and Ukroboronservise. This is important … Read more
American defense contractor Northrop Grumman and Ukrainian defense conglomerate Ukroboronprom signed an agreement to build a new medium-caliber ammunition production facility in line with NATO standards, President Volodymyr Zelenskyy’s office reported on July 11. The announcement was made after a meeting between President Volodymyr Zelenskyy and top executives of leading defense companies, including BAE Systems, … Read more
Northrop Grumman, an American weapons manufacturer, plans to produce ammunition in Ukraine bankrolled by Ukrainian money, the Breaking Defense magazine reported on June 18, citing a company official. Kyiv has been courting Western arms producers in an effort to localize domestic production and decrease reliance on foreign supplies. Northrop’s agreement is the first known deal … Read more
The Ukrainian defense tech startup Buntar Aerospace has raised $200,000 in investments from the co-founders of Uklon — Dmytro Dubrovskyi, Serhiy Smus, Viktoriia Dubrovska, and Vitaliy Diatlenko. The fund’s first investment was in Buntar Aerospace, a Ukrainian startup developing reconnaissance UAVs with vertical take-off and landing capabilities. Founded in August 2023, by Ivan Kaunov, Kateryna … Read more