Ukrainian Government entity Ukroboronprom has entered a multi-year cooperation agreement with US-based defence company Global Ordnance.
The collaboration will enable Ukraine to leverage Global Ordnance’s supply chain and manufacturing partnerships in the US and globally to procure defence items, technologies, and production capabilities.
This will help in strengthening Ukraine’s military and defence industry infrastructure.
Under the agreement, the overall sum of business may amount up to $500m.
Global Ordnance president Marc Morales said: “Our strong relationships with the Ukraine continue to be mutually beneficial to the US and to our Ukrainian allies.
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“With this latest and welcomed expansion of cooperation, the US industrial base will benefit from additional work, and the Ukraine will source needed capabilities.”
Ukroboronprom is a strategic manufacturer of weapon and military hardware. The state concern consolidates more than 100 state-owned defence enterprises across five defence-industry sectors.
Currently, Ukroboronprom State Concern general director Yuriy Husyev is on a visit to the US as part of an official delegation.
Husyev said: “The strategy for the development of Ukraine’s defence industry, approved by President Volodymyr Zelenskyy and a draft law No 3822 recently passed by Ukraine’s Parliament in second reading create necessary conditions for expanding military-technical cooperation with strategic partners, attracting investment, technology transfer and modernisation of production.
“The agreements reached and signed take cooperation between our countries in the field of defence industry to a new stage and confirm the interest of American partners in cooperation with the Ukrainian defence sector.”