The situation in defense industry – at the moment of creation of the State Concern “Ukroboronprom” – could be characterized as noneffective state property governing, using command-and-control methods, enterprises – dispersed among many governing bodies – and, oftentimes, inappropriate allocation and use of budgeting funds. This called for switchover to the new methods of defense industrial complex management.
As a result, the great majority of enterprises of the branch were placed under management of the State Concern “Ukroboronprom”.The State Concern united enterprises, engaged in engineering, production, and sale of defense products for domestic and foreign market needs.
The above mentioned circumstances determine Concern tasks and objects, namely:
– to supply the Armed Forces of Ukraine and other military formations with the newest armament samples; modernization, repair and recycling of the military equipment;
– strengthening international prestige of Ukraine by extending market of competitive defense industrial complex products (increase of armament export and currency earnings);
– enhancement of the role of national defense industrial complex in social and economic development of the country (increase in sales, production and GDP, increase of productivity per capita and level of average wages, tax payments increase).