Ukraine has signed nearly 20 agreements on the joint production of defense equipment with European countries and views international cooperation as a key avenue for developing its domestic defense-industrial complex.
This was stated in an interview with Ukrinform by Ihor Fedirko, the CEO of the Ukrainian Council of Gunsmiths.
“We have signed nearly 20 agreements on joint production with five European countries. Our task now is to put these arrangements into practice,” Fedirko said.
According to him, Ukraine’s defense industry currently has an estimated production capacity of $55 billion per year.
“This year, our production capacity has reached $55 billion. Of that amount, we are capable of producing $35 billion worth of long-range and medium-range strike systems alone, including drones and missiles,” he noted.
