UKROBORONPROM OPENS WIDE THE DOOR FOR INTERNATIONAL INVESTORS – ROMAN ROMANOV

SC "Ukroboronprom" integrates into the world market, inviting all international partners to mutually beneficial cooperation. This was stated by UKROBORONPROM Director General at the opening of Ukrainian Defense and Security Forum – the first largest international platform in Ukraine, bringing together members of Ukrainian market and international investors – with a focus on investment opportunities in the domestic market for defense and security.

The Forum was attended by over 400 people. Among them – more than 250 senior executives of companies from 20 countries, including Boeing, Airbus, Thales International, Microsoft Corp., PCO SA, Sagem Défense Sécurité, Elbit Systems, Caterpillar Inc, Renault Trucks Defense, Honeywell Defense and Space Int ., Orbital ATK, STC Delta etc. The event was attended by leaders of top 100 Ukrainian and international companies in the field of defense and security, Ukrainian manufacturers of defense products, foreign investors, international financial corporations and foreign embassies. In particular, the Secretary of National Security and Defense Council of Ukraine Oleksandr Turchynov, Minister of Defense of Ukraine Stepan Poltorak, Chairman of the Security Service of Ukraine Vasyl Hrycak, Deputy Assistant Secretary General for Defence Investment Ernest J. Herold, Deputy Head of the NATO Liaison Office in Ukraine Mark Ophenort, Minister of Defence of Georgia  1998-2004 David Tevzadze and others. The event was covered by 200 media representatives.

According to Roman Romanov, capacities of the Ukrainian defense complex far exceed the needs of both domestic market and current export. Availability of the enormous number of production facilities, equipment, research and design capacity, involved for only 30%, suggests the prospects for establishment of industrial parks and clusters, in the classical sense of the world economy.

"Speaking of the prospects, tens of thousands of new jobs, hundreds of companies and new products are to be mentioned. We open the door wide to invite partners and investors to mutually beneficial joint projects in the civil sector to the areas where the dual-use technology is used"- said the head of the State Concern.

According to him, in 2015 UKROBORONPROM enterprises produced more than 2,000 vehicles for the Armed Forces of Ukraine and other law enforcement agencies. Export contracts in 2015 totaled more than $ 1.3 billion.

Product sales revenue amounted to about 20 billion UAH, of which contracts of the Ministry of Defense of Ukraine – 7 billion UAH. The expected net profit of UKROBORONPROM enterprises in 2015 will be around 1.5 billion against 350 million loss in 2014.

In 2015 UKROBORONPROM fulfilled the state defense order 100%, significantly ahead of the schedule.