Ukroboronprom, Czech company Excalibur sign memorandum of cooperation

Ukroboronprom, Czech company Excalibur sign memorandum of cooperation

Ukraine’s State Concern Ukroboronprom and the Czech company Excalibur have signed a memorandum of cooperation to develop, manufacture and promote innovative products in the field of armored vehicles.

The signing of the memorandum was held during the international specialized exhibition "Arms and Security-2018" in Kyiv on October 9, an Ukrinform correspondent reports.

"This is an opportunity to attract funding and investment in research and development, to finance promising samples and bring them to mass production. It is also an opportunity to form innovative technological chains for the modernization of our armored vehicles and the development of perspective designs,” said Director General of Ukroboronprom Pavlo Bukin.

He also added that the singing of the memorandum with the Czech company enables Ukroboronprom to receive a strategic partner in the territory of the Alliance member countries.

According to Bukin, the cooperation of Ukroboronprom and Excalibur provides for the joint supply of high-tech products to the markets of third countries.


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