You're reading: Ukrainian Government supports creation of state-owned aerospace concern

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

The decision was made at a meeting on July 19.

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.