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Ukraine’s defence industry set to reach USD 35 billion production capacity in 2024

Ukraine’s defence industry set to reach USD 35 billion production capacity in 2024

Ukraine’s Minister for Strategic Industries, Herman Smetanin, has announced that the country’s annual defence production capacity is expected to rise to USD 35 billion this year.

March 2, 2025
Norway increases support for Ukraine’s defence industry and drone procurement

Norway increases support for Ukraine’s defence industry and drone procurement

The Norwegian government has announced plans to provide NOK 3.5 billion (approximately €298.5 million) for the procurement of military equipment from Ukraine's defence industry.

March 1, 2025
How many cruise and ballistic missiles can Russia’s defence industry produce? [RUSI]

How many cruise and ballistic missiles can Russia’s defence industry produce? [RUSI]

The Royal United Services Institute (RUSI) has released a report titled Tactical Developments During the Third Year of the Russo-Ukrainian War, which analyses military tactics used by both sides in the ongoing conflict.

March 1, 2025
The transformation of Ukraine’s arms industry amid war with Russia [SIPRI]

The transformation of Ukraine’s arms industry amid war with Russia [SIPRI]

Three years on from Russia’s escalation of its war on Ukraine with the full-scale invasion, Ukraine faces mounting military challenges.

February 26, 2025
Ukraine’s anti-corruption office uncovers financial fraud scandal in the defence industry

Ukraine’s anti-corruption office uncovers financial fraud scandal in the defence industry

According to NABU, the suspect, in coordination with other individuals, allegedly transferred more than USD 46 million from Ukrainian state-owned enterprises to foreign accounts.

February 21, 2025
U.S. arms exports reach record USD 318.7 billion in fiscal year 2024

U.S. arms exports reach record USD 318.7 billion in fiscal year 2024

In fiscal year 2024, U.S. military equipment sales to foreign governments surged to a record $318.7 billion, marking a 29% increase from the previous year, according to the U.S. Department of State.

January 24, 2025
UK Military Support to Ukraine Brings Economic Boost and Job Creation

UK Military Support to Ukraine Brings Economic Boost and Job Creation

The UK Ministry of Defence has announced a significant military and economic commitment to Ukraine, set to bolster the UK defence industry.

January 23, 2025
Ukraine and Sweden to enhance defence industry cooperation through bilateral agreement

Ukraine and Sweden to enhance defence industry cooperation through bilateral agreement

The Ministry of Defence of Ukraine has announced progress toward a bilateral agreement with Sweden aimed at fostering cooperation between their defence industries.

January 23, 2025
Ukraine and Japan explore cooperation in defence industry

Ukraine and Japan explore cooperation in defence industry

Ukraine and Japan are discussing potential collaborations in strategic industries, with a focus on defence and industrial development.

January 15, 2025
Turkish aerospace and defence industry achieves record export growth in 2024

Turkish aerospace and defence industry achieves record export growth in 2024

The Turkish aerospace and defence industry recorded exports totalling USD 7.154 billion USD in 2024. This marks an increase of USD 1.6 billion USD, or 29%, compared to the previous year.

January 3, 2025
European defence industry cooperation: Boxer Programme success story

European defence industry cooperation: Boxer Programme success story

The Boxer Programme's origins trace back to the 1990s, with Germany, France, and the UK shaping the platform's early phases.

December 25, 2024
Boosting defence industry makes NATO stronger and our people safer [VIDEO]

Boosting defence industry makes NATO stronger and our people safer [VIDEO]

Over the last decade, NATO Allies have increased their defence spending and production, ramping up their stocks of weapons and ammunition.

December 17, 2024
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