State-owned enterprise (SOE) SpetsTechnoExport performed foreign-economic defense contracts worth $120 million in 2017, and 80% of the deals were related to the export of modern weapons and equipment, the company’s press service has reported.
According to the report, 10% of export contracts relate to R&D in Ukraine in order to create innovative defense technologies for foreign partners purposes.
The press service said that in the past years the half of export turnover of the SpetsTechnoExport is the export of defense products to India. The company fulfilled export contracts with India for the total amount of $65 million, and a year earlier it completed the implementation of the bulk of the multi-year contract for upgrading An-32 aircraft for Indian Air Force worth $400 million.
During 2017, SpetsTechnoExport significantly intensified cooperation with Indonesia, the Kingdom of Saudi Arabia, Kuwait, Egypt, Azerbaijan, Turkey and Georgia, the company said.
The press service said that in 2017 SpetsTechnoExport was registered at the NATO Suppliers Base (NSPA) that opened up new opportunities for expanding cooperation with Western partners. The company became the first Ukrainian company to win an international public tender under the GPA rules, according to which SpetsTechnoExport will supply components to T-72 tanks to one of the EU countries.
The company said that Import contracts for the needs of Ukrainian law enforcement agencies continue to be deployed in priority regime. Supply of small arms and ammunition, sights and night vision devices, radio communication systems, systems of individual protection were the main areas of import activity of SpetsTechnoExport in 2017.
The press service told Interfax-Ukraine that at present, the SpetsTechnoExport’s portfolio of orders is estimated at some $500 million. Today the enterprise is involved in defense cooperation with customers from over 30 countries.
SpetsTechnoExport is among Ukraine’s leading exporters of weapons and special purpose equipment. Since December 2010, it has been part of the Ukroboronprom state concern.
