Joint Stock Company «Ukrainian Defense Industry» («Ukroboronprom» or UOP) for the second time in a row has been included in the annual ranking of the 100 largest defense companies in the world by Defense News.
Joint Stock Company «Ukrainian Defense Industry» («Ukroboronprom» or UOP) for the second time in a row has been included in the annual ranking of the 100 largest defense companies in the world by Defense News.
Defense News notes that the total volume of military products produced by the world’s 100 largest defense companies in 2024 increased by 11,2% and amounted to $661 billion.
Ukroboronprom ranked 49th in the ranking with over $3 billion in revenue in 2024. In 2023, this figure was $2.2 billion, so the growth was 36,3%. In terms of the dynamics of growth in revenue from the sale of defense products, Ukroboronprom was in 16th place.
The top 5 in the ranking were:
«Ukraine is becoming a key player in the global defense industry. Behind these figures is the work of more than 56,000 gunsmiths, and I thank each of you for this result. At the same time, we all understand: this is still not enough. So every day we work to increase the production of weapons and military equipment for the Ukrainian army,» Ukroboronprom commented on the Defense News rating.
Earlier, the American publication The Defense Post published its final list of the top 100 companies developing air, land, and sea drone technology. It included three well-known Ukrainian UAV manufacturers.
