Business news from Ukraine

Business news from Ukraine

“Ukroboronprom” has established production of 122 and 152 mm caliber ammunition and 120 mm mines

19 November , 2022  

In recent months, the state concern Ukroboronprom has established the production of ammunition of “Soviet” caliber 122 and 152 millimeters, as well as mines of caliber 120 millimeters.
“Means of destruction have been successfully tested and are produced according to NATO technology. It is not the first month. It is dispersed at various facilities, including partner countries,” the concern said in a press release on Friday.
“Ukroboronprom stresses that the ammunition it produces should reduce the dependence of Ukrainian artillery on supplies from abroad, where stocks of Soviet caliber shells and mines are gradually running out.
The concern also reported that it is continuing its reform to transform Ukroboronprom into a modern high-tech defense company. As of today, more than two dozen state defense enterprises have been transformed into business companies, with the concern itself next in line, the release said.
“The reform will increase the transparency of the state defense sector, attract even more investment, transfer technology, create more joint ventures, including with NATO countries, and help secure the defense industry from corruption risks,” Ukroboronprom said.
It said it will jointly produce and develop heavy weapons and military equipment with companies from at least six NATO member states: Poland, the Czech Republic, France, Denmark and several more, the agreements with which do not provide for the disclosure of any data.
“We create joint defense enterprises, build closed-cycle ammunition production lines, jointly produce armored vehicles and multiple-launch rocket systems and develop new high-tech weapons. To do this, we use both existing facilities and newly created ones in safe locations,” Ukroboronprom stressed.
The concern added that in order to accelerate the development of existing international defense projects and the emergence of new ones, it agreed on further coordination with the Ukrainian Ministry of Foreign Affairs.

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