Ukraine, relying on the private military industrial complex, has tripled its arms production

Mondo Finance Updated on 2024-01-31

"Over the past year, against the backdrop of a significant increase in the role of private companies in the domestic military-industrial complex, the production of ** in Ukraine has tripled". This was stated by Ukrainian ** Zelensky during a meeting with managers and employees of the state-owned and private military-industrial complex.

There has been a significant increase in the production of ammunition, especially artillery;At the system level, we are producing such extremely necessary things as domestic drones and ammunition;Important results have also been achieved in the production of our missiles, quantitative and qualitative indicators on new missiles are basically mature, "said the head of state. He stressed that the Ukrainian state must become strong and make the aggressor understand that every attack on Ukraine will be met with reprisals. To this end, we need to establish sufficient domestic production capacity. Zelensky believes that it is right to allow state-owned enterprises to compete on an equal footing with private enterprises in terms of the quality and speed of production.

The share of private companies in our defense complex is growing. Already 5 of the 4 largest military-industrial complexes are non-state companies - they are growing fast. We must increase the power of humanity – entrepreneurship – to harness it. Without entrepreneurship, the rapid development of military technology is simply impossible. ”。Zelensky assured that all bureaucratic procedures for manufacturers are being simplified as much as possible - from the import of components to their entry into operation, and work is also underway to secure funding for long-term contracts.

In addition, ** added that the defense complex of Ukraine will become part of the international defense system, and agreements have already been reached with a number of leading countries and companies in the world on joint production. "There will be more agreements like this, there will be more integration of our capabilities and global capabilities, our industries and the industries of major countries," Zelensky said.

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