Ukrainian Minister of Strategic Industries Oleksandr Kamyshin spoke about the vision of the defense industry of Ukraine at the CEO Summit. Key from the panel:

⚡️ In 5 years, the private sector in the defense sector will occupy a larger percentage than the state one. Before full-scale war, the public sector was more than 80%, today it is moving towards balance, but not there yet.

⚡️ Three main tasks in the position. The first is to turn the defense sector around so that it becomes a driver of economic recovery and enables our military to have enough equipment to drive the Russians out of Ukraine. The second is to develop the economy. Third, we are building a new segment of the economy that did not exist before.

⚡️ How to enter the field of defense? When you have a product, the investment will find itself.

⚡️ Problems with suppliers for the Armed Forces. We have found a solution and are moving along the route. What did you do? We created an experimental project on drones, which was submitted by our ministry in March of this year. Today we have a 25% margin for drones and we are already seeing a significant increase in production. It is planned to approach 100%.

Source: Forbes Ukraine