OLEKSANDR BERCHII WAS APPOINTED AS THE DIRECTOR ON CORPORATISATION OF UKROBORONPROM Aivaras Abromavicius, Director General of Ukroboronprom appointed Oleksandr Berchii as a director on corporatization of the Concern. ГThe main task is corporatisation of the defence industry concern with a purpose of creation a transparent, clear and effective structure with modern approaches to corporate governance. The main directions of its implementation are the following:  - Careful approach to privatisation, assets optimisation that will provide additional internal resources of development with the consideration of responsible social protection of employees; - Enhancement of intellectual property protection; - Development and modernization of technological and design potential; - Establishment of corporate governance in subordinated joint-stock companies that will be focused on the result, not the process; - Close cooperation and effective coordination between management teams within the Ukroboronprom, public authorities and the public aimed at the rapid implementation of changes. Oleksandr Berchii hold a position of the audit director at Ernst & Young, one of the “The Big Four”, the world's largest audit firms. He has more than 17 years of working experience as an auditor, specialized in dealing with socially important public sector enterprises.
THE FIRST FINANCIAL AUDIT OF UKROBORONPROM WILL BE FINISHED WITHIN A YEAR Aivaras Abromavicius, Director General of Ukroboronprom, in an interview with Ukrinform told about the consolidated financial statements of Ukroboronprom for 2018-2019 on the international financial statements.  On October 1, the winner of the financial audit tender, which will last 12 months, was selected. The results for 2018 are expected to be in the first half of the next year, and for 2019 – in the second half of 2020. Financial audit is required, in particular, for the company to enter the foreign loan markets. Three years of international financial auditing allow companies to enter the foreign loan markets, issue Eurobonds, reduce the cost of the loan portfolio. "Now the cost of the loan portfolio is UAH 10 billion. Unfortunately, our average rate remains at the level of 21-22%, which makes the business extremely difficult. Since the payback of most projects, of course, is not so short (about four years), it does not allow you to invest in long-term projects. And when you issue Eurobonds in currency, we are talking about 6%, 7%, 8%. This is another matter and this is one of the reasons, why you need a financial audit,"- said Aivaras Abromavicius. The financial statements also provide an opportunity to enter into the projects with global giants who want to deal only with the companies whose financial statements have been audited according to the international financial standards. 
UKROBORONPROM AND AVIATION WORKERS’ TRADE UNION HAVE SIGNED THE MEMORANDUM ON COOPERATION To fulfil the instructions of the President of Ukraine Volodymyr Zelensky on preparation of the State Target Scientific and Technical Program for 2020-2030 the State Concern “Ukroboronprom” and Aviation Workers' Trade Union have signed the Memorandum on Cooperation. This decision ended the meeting conducted on November 11.   “Ukroboronprom economic policy is focused on increasing production volume, generating income, modernizing manufacturing facilities and ensuring product competitiveness by analyzing the welfare of the aircraft and missiles industries employees. Our goal is to reform the industry with a view to rapidly increasing its performance”, – said Ruslan Korzh, Deputy Director General for Aircraft and Missiles.  Yarema Zhuhaievych, the Chairman of the Aviation Workers' Trade Union stressed that the parties will take measures to optimize and increase the efficiency of production in order to improve the social and economic security of employees. During the meeting it was also stressed that Ukroboronprom together with the Aviation Workers' Trade Union will provide measures to prevent and counteract corruption and unprofessionalism by the management of the companies-members of Ukroboronprom.
UKROBORONPROM WILL DELIVER THE MINISTRY OF THE INTERIOR OF PERU WITH AN-178 The Ukroboronprom State Enterprise "Antonov" will deliver the National Police of Peru with An-178 and provide its maintenance for the whole warranty period, defined by the agreement. The Ukroboronprom State Enterprise “Spetstechnoexport” has signed the contract from Ukrainian side.  “Antonov aircraft has proved its effectiveness around the world, however new solutions and new technologies are offered by our constructors in response to the challenges of modernity. This contract has become a logical extension of Antonov aircraft usage in Peru, as a new An-178 will replace An-32B of the National Police”, - says Aivaras Abromavicius, Director General of Ukroboronprom. Additionally he expresses his gratitude and expressed hope that this agreement would become a beginning of new and great military and technical cooperation between the countries.   Ukraine participated in a public tender along with the products from Italy and Spain. “I am grateful to everyone involved in the preparation of Antonov aircraft for tender and your strong negotiating position”, - added CEO of Ukroboronprom.   According to Oleksandr Donets, the President of the SE “Antonov”, “for the customer the key factor while choosing the aircraft became the An-178 multifunctionality that means its ability to solve different tasks including transportation of cargo, containers, troops, its airdropping, usage in search and rescue missions. In addition, Antonov aircraft are famous worldwide for its unpretentious operating conditions. They can operate in different weather and climate conditions, base on different aerodromes, including high-altitude that is extremely important for Peruvian customer. We are sure that the fleet of the An-178 aircraft, which embodies all the best qualities of the glorious Antonov ubiquitos, will eventually be replenished with other newest An transport aircraft.    Аn-178  - is a medium transport aircraft intended for delivery of personnel, arms and light military equipment by landing and parachute methods, transportation of material, mail and other cargo "in bulk" or in standard containers, and cargoes on pallets with a total carrying capacity up to 18 tons. In an emergency, the An-178 can be used to evacuate the population from the disaster area, transport injured on standard stretchers, airdropping of rescue teams.
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Combat module "Taipan" In the framework of international exhibition "Arms and Security" (Kiev) Ukrainian public premiere of the combat module "Taipan" - developed by UOP SE "SpetsTehnoEksport"  - was held. Specifications of the new combat module "Taipan" meet the highest Western standards. Installed system of backlash planetary gearboxes and ac converter-fed motors, provide precise targeting at ultra slow and high speeds make combat module “Taipan” unique. Owing to modern electronics, "Taipan" provides automatic targeting, keeps armament in the defined position, regardless repositioning  of the combat vehicle’s hull in motion, providing automatic tracking of a target. Automated targeting system - with allowance for weather, projectile type, armament type, angular velocity and target range - is installed into the combat module. Also fighting module installed automatically issuing commands guidance given weather conditions, such as shells, type of arms, angular velocity and range goals. Sight system can be adjusted both to the line-of-sight and horizon line. Currently, “Taipan” is equipped with a rapid-fire cannon caliber double-barreled 23 mm, the effective range of which reaches 1.8 km. Other combat module modifications can be equipped with a machine gun 7.62 mm or 12.7 mm, and 30 mm grenade launcher with a separate elevation drive unite. The minimum weight of the combat module is only 350 kg. In addition, this module can be mounted not on mobile platforms only, but also equip fortified structures - such as checkpoints - controlling the module remotely, or use it as a SAFU without power supply, the combat module "Taipan" can work 3 hours in such a mode. “Together with our Ukrainian partners we have created combat module technical characteristics of which will arouse Ukrainian armored vehicles producers’ interest. Moreover, all the electronics and software are designed by Ukrainian specialists”, – said director of SFTE “Spetstehnoeksport” Pavlo Barbul.  
Combat module "Taipan"
BMP-1UMD UKROBORONPROM State Enterprise "Zhytomyr Armored Plant" adapted German Deutz engine for use in infantry fighting vehicles. Modernized infantry vehicle received its official name BMP-1UMD. The first public demonstration of BMP-1UMD took place at the exhibition "Arms and Security", October 11 at the International Exhibition Center in Kiev. Works on Russian UTD-20 replacement by Deutz TCD2013 L64V took only three months. This 4-stroke, 6-cylinder turbosupercharged engine with electronic control unit has 330 hp power, with the possibility of increasing power up to 390 hp, while UTD-20 engine has only 300 hp. In addition, the German engine has significantly more resources it quieter and more economical. "Infantry fighting vehicle adaptation for German Deutz engines use is another step in UOP import substitution program fulfillment. Other Ukrainian armored vehicles such as BTR-4 - produced by SE “Kharkiv Morozov Machine-Building Design Bureau” - are equipped with engines of this manufacturer,” - said the head of the SC" UkrOboronProm" Roman Romanov. Works on improvement of firepower, fire control, ergonomic and functional characteristics of the vehicle were carried out when working on BMP-1UMD. Special attention Ukrainian specialists paid to camouflage in visible and IR band.        
PHANTOM – WARRIOR OF THE FUTURE. PUBLIC PREMIERE AT "ARMS AND SECURITY" "Phantom" is one of the most advanced developments of UKROBORONPROM    SE "SpetsTehnoEksport". It is the first step in development of advanced systems that will replace traditional armament. The first public demonstration of tactical unmanned multipurpose vehicle "Phantom" took place at the exhibition "Arms and Security", which started on October 11 at the International Exhibition Center in Kiev. "Unmanned multipurpose tactical vehicle" Phantom" is a response to the challenges of technological era, pressing its demands to creating entirely new armament types: unmanned, multi-functional and capable of performing tasks that are now performed by soldiers only, endangering their lives. These are the characteristics, demonstrated by "Phantom", "- said the head of the SC "UkrOboronProm" Roman Romanov, explaining the peculiarities of the new unit of the military equipment. Tactical Unmanned multipurpose vehicle “Phantom” is a remotely operated mini armored carrier. Day and night sighting systems allow to fire at any time of the day for a distance of over 1 km. Its operational range is up to 20 km, it is operated by means of secure radio channel or via fiber cable of 5 km length. “Phantom” can transport ammunition, retrieve wounded from the battlefield and perform combat missions. "Phantom" capabilities are difficult to overestimate: they allow him to perform a wide range of tasks. This equipment can deliver ammunition and loads across the areas that are under the threat of enemy fire, or at risk of mining, to safely and quickly evacuate wounded from the battlefield. Different types of armament can be mounted on "Phantom" for fire support. For example, if "Phantom" is equipped with anti-missile system - the army receives nearly invisible, mobile and effective means of enemy armored vehicles’ destruction,"- said the head of SE "SpetsTehnoEksport" Pavlo Barbul. The XIII International Specialized Exhibition "Arms and Security - 2016" will be held 11-14 October 2016 at the International Exhibition Center, which is located at Brovary Avenue, 15.