Amidst Russia's invasion, Ukraine's defense industry has expanded significantly, with companies adapting to produce tailored weaponry for the war. Despite a boost in capabilities, which has grown from $1 billion to $35 billion since 2022, the production potential remains largely untapped due to financial constraints. Industry leaders emphasize that with increased funding, they can enhance output considerably, benefiting both Ukraine and its allies looking for effective partnerships in defense innovation.
Ukrainian defense companies get contracts worth around $11.5 billion, but their production capacity is over three times larger than their current purchasing power.
Minister Herman Smetanin stated that the capabilities of the Ukrainian defense industry have grown 35 times over the three years of the invasion, increasing from $1 billion in 2022 to $35 billion.
Collection
[
|
...
]