Ukraine's state protection conglomerate Ukroboronprom and European aerospace big Airbus have signed a trilateral cooperation memorandum on the Le Bourget Worldwide Air Present, the corporate introduced on June 23.

The settlement launches initiatives to develop upkeep and restore capabilities for Airbus plane working in Ukraine amongst specialists at Ukroboronprom's enterprises.

As a part of the deal, Airbus will ship representatives to Ukraine to coach native specialists, who will then develop into licensed instructors for plane upkeep.

"Belief in our protection industrial complicated, notably Ukroboronprom and its enterprises, is rising amongst world high-tech firms," mentioned Oleh Hulyak, Ukroboronprom Director Common, in a press launch. "This proves now we have chosen the fitting path for improvement and worldwide cooperation."

Hulyak expects new partnerships with overseas companions in aviation and different areas of the corporate's work.

Ukroboronprom is a number one strategic manufacturer of weapons and navy {hardware} in Ukraine. The affiliation unites about 100 enterprises that develop and manufacture weapons, navy tools and ammunition, together with missiles, drones, armored automobiles.

The corporate reported a consolidated web revenue of Hr 1.31 billion ($31.5 million) for the earlier yr as its enterprises tripled manufacturing volumes in 2024 in comparison with 2023, with a 36% improve in contracts.

In 2024, Ukroboronprom was ranked for the primary time in historical past among the many prime 50 world protection firms by Protection Information, in line with Strategic Industries Minister Alexander Kamyshin.

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