Ukrainian arms manufacturers are increasing production, but face state sales challenges
Ukraine's defense industry is showing rapid growth. Following the state-owned enterprises, private businesses have entered the race and are demanding deregulation
According to the Minister of Strategic Industries of Ukraine Herman Smetanin, this year the domestic Defense Tech industry has grown significantly. At the same time, while state-owned enterprises were the main dominant of the domestic industry before the full-scale invasion, a lot of private companies appeared in the country during the war.
"In total, we have over 800 manufacturers of weapons and military equipment registered in Ukraine today. If we talk about the share of state-owned companies, it is about 12% of the total," said Smetanin in a speech at the Kyiv International Economic Forum (KIEF) on November 7.
In particular, the state-owned Ukroboronprom conglomerate doubled its production over the past year, according to the official.