Ukroboronprom enters top 50 global defence companies for first time
Pravda Ukraine
Oleksandr Kamyshin, Ukraine’s Minister of Strategic Industries, has reported that Ukroboronprom, the state-run defence concern and strategic manufacturer of weapons and military hardware in Ukraine, has entered the top 50 global defence companies in Defense News ranking for the first time.
Source: Kamyshin on Telegram
Quote: “The ranking is compiled annually by Defense News. Last year, Ukroboronprom was ranked 65th, but now it has jumped up 16 spots.”
Ukroboronprom is the fastest-growing company among the top 100 largest defence companies in the world, with its revenue increasing by 72% to US$2.2 billion in 2023.
“The first half of 2024 shows that we are maintaining this pace,” Kamyshin added.
Background: The first project in Ukraine under the partnership between Ukrainian Defence Industry JSC and the German defence conglomerate Rheinmetall was launched – a workshop for the repair and production of armoured vehicles.
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