Ukroboronprom moves up 24 positions in ranking of defence companies in world
Tuesday, 8 August 2023, 10:16
The State Concern Ukroboronprom (now Ukrainian Defence Industry JSC) has risen from 89th to 65th place in the ranking of defence companies, according to Defense News.
Source: updated ranking by Defense News
The statistics show revenue for the company, which operates exclusively in the defence sector, was US$1.28 billion in 2022 and US$754.75 million in 2021, which shows a 70% increase.
At the same time, the top ten rankings include six companies from the US, three from China and one from the UK.
Background:
- The state-owned defence industry company Ukroboronprom was wound up on Wednesday, 28 June, and replaced by Ukrainian Defence Industry JSC.
- The Cabinet of Ministers of Ukraine has appointed a new head of Ukrainian Defence Industry JSC (Ukroboronprom), 31-year-old Herman Smetanin.
- A day earlier, on 27 June, President Volodymyr Zelenskyy released Yurii Husiev from his duties as General Director of Ukroboronprom, following his letter of resignation.
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