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Ukraine’s MIC exports nearly half of its materiel and weaponry Asia

December 12, 2013
Nearly 45% of exports of Ukraine’s military-industrial sector go to Asian countries, Serhiy Hromov, Director General of the UkrOboronProm State Concern, told DefenceWorld.

“Among the main partners of Ukraine in terms of military-technical cooperation are India, Iraq, China, Kazakhstan, Thailand and Russian Federation,” Hromov said, citing as an example of such cooperation a contract to overhaul and modernize105 Antonov AN-32s that was signed with India. Worth US $400mn, this is the largest contract in the history of Ukraine-India military-technical cooperation.

Hromov also described cooperation with Ukrainian shipbuilding companies as “promising.”

“Our companies are able to build ships of various types and purposes,” says Hromov. “The manufacturing and technical capacities of sate-owned UkrOboronProm have allowed Ukraine to modernize its navy and other fleets to the highest world standards. The evidence of this is our state program to build a corvette ship for Ukraine’s navy. Vessels of this class will have considerable export potential. A number of countries in the Asia-Pacific region, Middle East and South America have shown great interest in this kind of ships.”

He also noted that UkrOboronProm would be presenting the production of Ukraine’s military-industrial complex at Defexpo India 2014, the 7th International Land, Naval and Internal Security Systems Exhibition, which takes place February 6-9.

Over January-October, 2013, UkrOboronProm increased its production and service volumes by 35% or more than US $1bn compared to the same period last year, and increased its net income to US $50mn.

UkrOboronProm is expecting to expand military-industrial cooperation with China, specifically in shipbuilding, aviation and the manufacture of precision weapons.

Source: UNIAN

Tags: weapon

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