Business news from Ukraine

PROJECTED GROWTH OF PRODUCTION IN AEROSPACE INDUSTRY IN UKRAINE ESTIMATED AT 30% IN 2017 – SSAU

22 November , 2017  

KYIV. Nov 22 (Interfax-Ukraine) – The projected growth of production in aerospace industry of Ukraine in 2017 is estimated at 30-33% compared with 2016, the press service of the State Space Agency of Ukraine (SSAU) has reported.
The figures were presented at a meeting of SSAU devoted to the results of the industry in January-September 2017.
According to the published data, in January-September 2017, production in the sector grew by 21.3% year-over-year and sales – by 23%.
“The sector enterprises produced and sold goods for some UAH 2.9 billion. Total gross production (taking into account the uncompleted projects) reached over UAH 3.68 billion,” the press service said.
The export’s share of total sales was 51.5%. Exports to the EU countries and the United States grew.
Pivdenne (Yuznoye) Design Bureau (Dnipro), Hartron (Kharkiv), Enterprise of Special Engineering Arsenal (Kyiv), Kommunar Production Association (Kharkiv), Kyivprylad Production Association (Kyiv) and Instrument-Making Research Technological Institute (Kharkiv) saw profit.
The space agency said that since early 2017 with the participation of enterprises of the Ukrainian space industry, seven launches have been carried out within international cooperation: the launch of the U.S. Antares launch vehicle, which provides commercial flights to deliver cargoes to ISS under a contract with NASA (Ukraine produced the first stage of the LV), three launches of the European Vega LV with the Ukrainian engine of the fourth stage involved in the ESA programs, as well as three launches of the Russian Soyuz-FG LV with the Ukrainians control system involved in the international programs.