The out-of-date and imperfect Ukrainian legislation hinders integration of State Concern Ukroboronprom into the global defense complex, Deputy Director General for Development at the concern Artur Kheruvimov has said.

He said at the Ukrainian Defense & Security Forum 2016 that legal restrictions on the creation of joint ventures, public private partnership should be lifted as soon as possible and stable defense order is to be maintained.

Kheruvimov said that profit of defense enterprises should be urgently reinvested into technologies and employees and reformat the structure of Ukroboronprom under international standards.

"The solution of all these problematic issues would be a concrete signal for investors that they are able to enter the Ukrainian market without fear, invest their funds and be confident in the efficiency of this investment. Ukraine will be able to secure powerful support of global investment companies, ensure stable defense order and receive profit of billions of U.S. dollars," he said.

"Investors and international defense players show a large interest to the Ukrainian defense and industrial complex. We are open for cooperation," he said.