Germany's Rheinmetall and Ukrainian state-owned arms manufacturer Ukroboron-prom have entered into a strategic co-operation agreement, Rheinmetall announced on 13 May 2023. Co-operation between the two organisations is intended to strengthen the Ukrainian defence industry and ultimately its national security through the step-by-step creation of joint defence technology capabilities that will be resident in Ukraine. "Under this agreement Ukraine will benefit from a comprehensive transfer of technology, the creation of additional defence technology capacities in Ukraine, additional local valued added, and the short-term delivery of military equipment from Germany," Rheinmetall noted in a press release. "To begin with - subject to official approval - a joint venture will be set up to serve as a bridge between Rheinmetall and Ukraine's existing state-owned defence sector. Closing is scheduled for the end of June 2023, and the joint venture is expected to be operational from mid-July 2023."
展开▼
