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.
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. The contract covers supply of locally assembled 15 BTR-3E1 and six BTR-3RK vehicles to the Thailand, Interfax-Ukraine reported citing a press service of the state-run company. So far, 233 BTR-3E1s worth $270 million were delivered to Thailand between 2007 and 2011.
UkrespectExport delivered China’s first amphibious hovercraft project 958 "Bison" this year. "The ship was built by JSC" Feodosia shipbuilding company "Sea", which is part of the "Ukroboronprom" for the needs of the Chinese Navy. At present, the company continues to construct the second ship of the project 958 for the Chinese customer,” according to the company’s website.
Brazil is also looking to UkrOboronProm as a partner to help modernize the Brazilian Navy. According to Interfax News Agency, Brazil has expressed an interest primarily in establishing cooperation with shipbuilding enterprises Concern.
The prospects and the format of possible cooperation were discussed during recent talks held in Kyiv between Head of the Ukroboronprom State Concern Serhiy Hromov and a delegation of the Brazilian Navy led by the coordinator of the Brazilian Navy modernization program, Rear Admiral Petronio Augusto, the report added.
In June, state company "Ukrspecexport" won a contract from Croatia to repair and modernize 7 MiG-21 aircraft and in March won another contract to repair six Mi-8 and Mi-17 helicopters. The Value of both contracts are unknown.
The company recently announced that it has concluded a contract with Russia’s Rosoboronexport to safely dispose munitions from the Black Sea Fleet in the Crimean Sea. The company also announced that it would continue to partner with NATO to dispose obsolete ammunition, small arms and light weapons.
Russian defense group Oboronprom is planning to invest $121 million in the Mil Moscow helicopter plant, Rostec said in a statement. The expansion plans are related to the positive market forecasts for the Russian military aviation industry
China has unveiled an advanced fighter concept (AFC) model made by the Aviation Industry Corporation of China (AVIC) at the 15th Beijing Aviation Exhibition yesterday in Beijing. The AFC model is a multi-purpose advanced fighter designed to meet the demand of this kind of fighter in the future international arms trading, according to reports
China has completed development of its fourth-generation nuclear submarines and other high-tech weapons, according to Tan Zuojun, vice governor of Liaoning Province and former general manager of China State Shipbuilding Corporation. Compared with older submarines, the fourth-generation submarine features high performance and low noise and will differ significantly in offensive power, possessing both anti-submarine capabilities and also strong potential for anti-ship action and attacks on land-based targets
Chinas first aircraft carrier the Liaoning will be joined by several others soon, according to a Ministry of National Defence spokesman. China will comprehensively consider the development of aircraft carriers in accordance with the needs of national defense and military building, spokesman Yang Yujun said
The Chinese military on Monday said the first ingenuously developed military attack helicopter WZ-10 has launched its first air-to-air missile successfully intercepting low-altitude targets. The WZ-10, meaning "armed helicopter", carried out the launch during a live-fire drill involving army aviation troops of the People's Liberation Army in the eastern waters off south China's Guangdong Province last week, Xinhua news agency reported today
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