Business news from Ukraine

Business news from Ukraine

“Ukroboronprom” and Thales to set up joint venture

16 February , 2025  

A document was signed on the margins of the Munich Security Forum, fixing the intention to create a joint venture between Ukroboronprom JSC and Thales International SAS, Ukrainian Minister for Strategic Industries German Smetanin said on Saturday.

“Ukroboronprom JSC and Thales International SAS have agreed to establish a joint venture, and have fixed these agreements on paper. The newly created enterprise will specialize in the creation of advanced technological solutions to enhance air defense, radars, REB means, tactical communications and optoelectronic systems,” he wrote in a Telegram channel.

As Smetanin noted, the Ukrainian defense industry has already cooperated with Thales for a long time. “I am glad that this cooperation is deepening to the creation of a JV. Thank you French partners for the support of our defense industry and the courage to work in Ukraine,” – added the Minister.

Earlier it was reported that the Minister of defense of Ukraine Rustem Umerov during a working visit to Brussels held a meeting with representatives of the company Thales Belgium, which since the beginning of the full-scale invasion “provides Ukraine with important support”.

According to the company’s website, Thales Group has developed its industrial and technological capabilities across Europe and has a broad portfolio of solutions including defense and security, aerospace, space, and digital identity and security. Thales also maintains a permanent presence in Brussels to serve the European institutions and NATO.

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