Strategic cooperation in Ukraine
13. May 2023
Rheinmetall and the Ukraine’s state-owned Ukroboronprom have entered a strategic cooperation agreement. Cooperation between the two organizations is intended to strengthen Ukraine’s defence industry and ultimately its national security through the step-by-step creation of joint defence technology capabilities that will be domiciled 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.
A cooperation agreement to this effect has now been signed by both parties. 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.