Fire Point confirms ballistic missile to be combat-ready in September, hikes Denmark plant investment
The solid rocket fuel plant in Denmark is expected to start operations by late 2027.
Ukrainian defense company Fire Point is set to triple its investment for a solid rocket fuel plant in Denmark, allocating 150 million euros ($175 million) to the project. CEO Iryna Terekh revealed that the company plans to build a new facility after the original site failed to meet requirements. The plant is expected to commence operations by late 2027.
The announcement comes after Denys Shtilierman, co-founder of Fire Point, initially suggested the project was on hold, a claim the Danish government debunked. Fire Point, a key player in Ukraine's defense industry specializing in long-range drones and missiles, has been under investigation for potential corruption involving former business associate Timur Mindich.
The company denies any connection to Mindich. Fire Point also confirmed the timeline for its two ballistic missiles, the FP-7 and FP-9, with the former targeting a 300-kilometer (190-mile) range by the end of September, and the latter capable of reaching 800-850 kilometers (500-530 miles) by the end of the year. These missiles may provide Ukraine with a more level playing field in a region experiencing increased Russian aggression through ballistic missile strikes.
Terekh believes that deploying these missiles could strengthen Ukraine's negotiating position in peace talks with Russia.
Written by urgent.news from Kyiv Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
