In 2023, Ukroboronprom, a Ukrainian Defense Industry JSC, achieved a remarkable 72% increase in revenue from product sales compared to the previous year, positioning itself as a leader in growth among global arms manufacturers. The company’s press service announced this impressive growth, emphasizing Ukroboronprom’s status as one of the fastest-growing entities in the Top 100 Defense Companies list.
With total sales of military products reaching $2.2 billion in 2023, up from $1.3 billion in 2022, Ukroboronprom secured the 49th spot in the 2024 Defense News ranking, a significant improvement from its 65th place in 2022. The company has been consistently recognized in the Top 100 Defense Companies rankings since 2015, with its highest ranking achieved in 2017 at the 62nd position.
To expand its presence globally, Ukroboronprom inaugurated its first foreign representative office in Washington, the United States, on July 9, 2024. This strategic move signifies Ukroboronprom’s commitment to furthering its reach and impact in the international defense industry.
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