Business news from Ukraine

OCEAN SHIPYARD FROM UKRAINE SIGNS MEMO WITH STATE DEFENSE CONCERN OF TURKEY TO BUILD CORVETTES

Ocean Shipyard (Mykolaiv) has signed a memorandum with the state defense concern of Turkey on joint activities to implement a project to build a series of corvette class ships for the Ukrainian Navy in pursuance of a framework military agreement signed in October this year during a meeting of the two presidents in Ankara, as well as a contract for building corvettes signed by the parties in Kyiv on December 14.
According to the company’s press release, in order to localize the corvette program, the state defense concern of Turkey conducted an audit of the technical capabilities of Ukrainian shipbuilding enterprises. Ocean shipyard was selected and included in the corvette program, taking into account the unique technical capabilities of the enterprise, the availability of professional personnel and the current program of modernization of production assets.
The memorandum provides for the conclusion of separate contracts between the parties within clearly agreed terms and specific steps of cooperation within the framework of the corvette program.
PJSC Mykolaiv Shipyard Ocean specialized in the building and repair of container ships, tankers, tugs, barges with a deadweight of up to 350,000 tonnes.

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UKRAINE MAKES AGREEMENT WITH TURKISH COMPANIES ON SUPPLY OF DRONES AND CORVETTES

Minister of Defense of Ukraine Andriy Taran signed agreements with Turkish companies on the transfer of technology and production of corvettes and unmanned attack aircraft systems for the needs of the Armed Forces of Ukraine.
The Ukrainian Defense Ministry said on its website on Monday, the signing took place within the visit of the Turkish delegation to Ukraine, headed by President of Defence Industries of Turkey Ismail Demir.
According to Taran, first of all, this is about projects designed to radically enhance the combat capabilities of the Naval Forces of the Armed Forces of Ukraine to improve security in the area of the Black and Azov Seas.
The minister said these are the first in history foreign economic transactions for military goods concluded by the Defense Ministry of Ukraine.
The Defense Ministry said that in October, Taran and Demir signed a memorandum with the intention to start and implement joint projects for the construction of warships, unmanned aerial vehicles and all types of turbine engines.

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