Ukraine plans to transform Ukroboronprom into holding company – Shmyhal
Ukraine plans to create a holding company based on JSC Ukrainian Defense Industry (UDI), which ranks among the world's 50 largest defense companies, by consolidating other state defense assets within it, said Denys Shmyhal, First Deputy Prime Minister for Energy.
Ukraine is set to restructure the Ukrainian Defense Industry (UDI) into a holding company, according to First Deputy Prime Minister for Energy Denys Shmyhal. The move aims to consolidate other state defense assets under the umbrella of UDI, which is recognized as one of the world's top 50 defense companies.
Shmyhal made these remarks on Telegram following a meeting with UDI's supervisory board and Acting CEO Ivan Havryliuk. He highlighted that UDI currently has clear objectives: supplying frontline forces with necessary weaponry while simultaneously developing advanced technologies to maintain competitive edge and leadership in the defense sector.
The restructuring process will also address two key management tasks: finalizing the selection procedure for a new CEO and forming a robust executive board. Shmyhal explained that these changes are necessary to enhance production efficiency and streamline operations.
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