12:06 20.07.2017

Govt supports creation of state-owned concerns in aerospace industry

1 min read
Govt supports creation of state-owned concerns in aerospace industry

The Ukrainian government has supported the creation of state-owned concerns Arsenal-Modern Space Systems and Zirka-Technologies on the basis of several enterprises of aerospace industry.

The decision was made at a meeting on Wednesday.

Deputy Prime Minister and Minister of Economic Development and Trade Stepan Kubiv said that the creation of new sectoral associations is intended to provide for more active involvement of aerospace enterprises in the targeted government-sustained defense programs and projects and the implementation of defense order. He said that among key tasks of the new concerns is the introduction of principles of commercialization of aerospace projects.

The Finance Ministry is to approve the projects on the creation of the new concerns.

According to sources of Interfax-Ukraine the Arsenal-Modern Space Systems concern will include nine enterprises: Arsenal Special Device Production State Enterprise, Arsenal Plant, Hartron, Kyivprylad, Ukrkosmos, State Scientific Production Enterprise Kommunar Corporation, Instrumental Building Technology Scientific and Research Institute and National Center of Space Facilities Control and Test.

The Zirka-Technologies concern is being created on the basis of six enterprises: Kharkiv Electric Equipment Plant, Soyuz Research and Design Institute, Dniprokosmos, Ukrainian Technology Center for Optical-Instrument Making, Sokil Instrument-Making Plant and Kyiv Radiozavod.

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