Weapons sales record for Ukrainian defense industry with increase of 520% compared to 2012 0808133

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Defence & Security News - Ukraine
 
 
Thursday, August 8, 2013 10:42 AM
 
Weapons sales record for Ukrainian defense industry with an increase of 520% compared to 2012.
Ukraine-based weapons manufacturer UkrOboronProm today revealed its first half profits rose 520 percent to $51.2 million compared with last year’s $12.2 million loss. “The profits of shipbuilding and marine hardware producers grew from 35 million hryvna in the first six months of 2012 to 221 million hryvna in the corresponding period of 2013,” UkrOboronProm CEO Sergiy Gromov was quoted as saying.
     

UkrOboronProm will deliver more BTR-3E1 armoured vehicle personnel carrier to Thai Army.
     

Vietnam and UkrOboronProm signed two contracts last month for the repair of aircraft engines for the Vietnam People's Army (VPA). The first contract provides for the repair in Ukraine of aircraft engines AL-31F, the second - provides for technical advice by the Ukrainian side on the repair of aircraft engines AL-31F for the Vietnam People's Army.

According to an official statement, Ukroboronprom will send to Vietnam an offer to supply and modernize air defense weapon, aircraft and armored vehicles, repair and modernize naval technology.

Subsidiary UkrespectExport won a contract last week to an additional 21 BTR-3E1 armoured personnel carriers (APCs) to the Royal Thai Army.