The Ukrainian Defense Industry Joint Stock Company has entered the top 50 global defense companies for the first time according to Defense News. This was announced in the Telegram channel by the Minister for Strategic Industries of Ukraine Oleksandr Kamyshin, UNN reports .
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He emphasized that last year Ukroboronprom was ranked 65th, and now it has "jumped 16 steps at once.
According to Kamyshyn, Ukroboronprom is growing the fastest out of the world's 100 largest defense companies. Its revenue in 2023 increased by 72% to $2.2 billion.
"The goal of the entire Ukrainian defense industry is the same: to produce as many weapons for the Defense Forces as possible, to produce them as quickly and efficiently as possible, to adapt and modernize every minute to save the lives of our soldiers," the minister emphasized.
He is convinced that "after the victory, defense will become one of the most important export areas of the Ukrainian economy.