According to the results of 2021, Ukroboronprom’s enterprises increased the production of armaments, military equipment, and other products by 24% Thus, for 12 months of last year, the Concern’s enterprises produced UAH 7.6 billion more than in 2020, according to the press service of Ukroboronprom, Rubryka reports. In 2021, the largest amount of aircraft and … Read more
In the presence of the President of Ukraine Volodymyr Zelenskyy, a Memorandum of Cooperation was signed between the Ministry of Defense of Ukraine and Bayraktar Savunma on the construction and installation of a joint training and testing center for maintenance, repair, modernization of UAVs and training of personnel related to unmanned aerial vehicles and Bayraktar … Read more
The leading aviation companies of Ukraine and Turkey – Motor Sich and Baykar Makina – have signed a cooperation agreement. The signing ceremony took place during the Teknofest Aerospace and Technology Festival in Istanbul on September 24, according to Ukrinform. “Today is an important moment for our companies – Bayraktar and Motor Sich. As you … Read more
Director General of Motor Sich Vyacheslav Bohuslayev says that $100 million, which he borrowed, should be repaid to Chinese investors by 2026. “The ‘Chinese problem’ is on the Foreign Minister’s table. It is not my problem. I have one problem: to repay the debt. We got a $100 million loan from China and it needs … Read more
Deputy Minister of Defense of Ukraine Oleksandr Myroniuk and Minister for Defence Procurement of the United Kingdom Jeremy Quin signed a Memorandum of Implementation for naval partnership projects between a consortium of UK industry and the Ukrainian Navy. The memorandum was signed on Royal Navy Destroyer HMS Defender in Odesa on June 21, the Ministry … Read more
State Concern Ukroboronprom and investors from Canada have started cooperation on the establishment of an ammunition factory in Ukraine and are already working on pre-project documentation for the enterprise. “We have started cooperation with partners from Canada. Currently, the economic justification for the establishment of an ammunition factory in Ukraine is being drafted at investor’s … Read more
The Chinese Foreign Ministry states it has “taken note” of the statements of the Ukrainian authorities on returning Motor Sich to state ownership and demands that the interests of Chinese companies and investors be protected. Chinese Foreign Ministry spokeswoman Hua Chunying stated this, Ukrainska Pravda reports. “We’ve taken note of the statements (regarding the return … Read more
The National Security and Defense Council has decided to return Motor Sich to the Ukrainian state. Secretary of the National Security and Defense Council Oleksii Danilov stated this at a briefing following the meeting of the Security Council. “A proper decision has been made. According to this decision, Motor Sich will be returned to the … Read more
Skyrizon Aircraft Holdings Limited (the British Virgin Islands) of Chinese investors and MS-4 LLC (Kharkiv) of Ukrainian businessman Oleksandr Yaroslavsky, as the owners of more than 10% of the shares, convene an extraordinary meeting of PJSC Motor Sich (Zaporizhia) on January 31. According to the information disclosure system of the National Securities and Stock Market … Read more
Kyiv-based Luch State Design Bureau, an affiliate of Ukroboronprom, and the Ukrainian Defense Ministry have signed a contract to deliver RK-360 Neptune coastal missile systems to the Ukrainian Armed Forces in 2021 as part of the state defense order. “Under the contract, the Ukrainian army will receive unified launchers, transport and transport-loading vehicles, as well … Read more