{"id":5914,"date":"2025-05-02T12:01:49","date_gmt":"2025-05-02T12:01:49","guid":{"rendered":"https:\/\/www.euro-tv.ro\/news\/ukroboronprom-posts-33-million-profit-as-production-triples\/"},"modified":"2025-05-02T12:01:49","modified_gmt":"2025-05-02T12:01:49","slug":"ukroboronprom-posts-33-million-profit-as-production-triples","status":"publish","type":"post","link":"https:\/\/www.euro-tv.ro\/news\/ukroboronprom-posts-33-million-profit-as-production-triples\/","title":{"rendered":"Ukroboronprom posts $33 million profit as production triples"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.euro-tv.ro\/news\/wp-content\/uploads\/sites\/3\/2025\/05\/w02s0YR5MvydoMxKGgFUORMeTUzux5AjFRSp1fP9.jpg\" alt=\"Ukroboronprom posts $33 million profit as production triples\"><\/p>\n<p>Ukraine&#8217;s largest state-owned defense company Ukroboronprom \u00a0reported a consolidated net profit of Hr 1.31 billion ($31.5 million) for the previous year, according to a press release at the company&#8217;s website.<\/p>\n<p><a href=\"https:\/\/kyivindependent.com\/tag\/ukroboronprom\/\"><strong>Ukroboronprom<\/strong><\/a> is a leading strategic <a href=\"https:\/\/kyivindependent.com\/tag\/defense-industry\/\"><strong>manufacturer of weapons<\/strong><\/a> and military hardware in <a href=\"https:\/\/kyivindependent.com\/tag\/ukraine\/\"><strong>Ukraine<\/strong><\/a>. The association unites about 100 enterprises that develop and manufacture weapons, military equipment and ammunition, including missiles, drones, armored vehicles.<\/p>\n<p>The company&#8217;s enterprises tripled production volumes in 2024 compared to 2023, with a 36% increase in contracts.<\/p>\n<p>According to <a href=\"https:\/\/ukroboronprom.com.ua\/news\/u-2024-roci-cistii-pributok-pidprijemstv-ukroboronpromu-perevishhiv-13-mlrd-grn\"><strong>the press release<\/strong><\/a>, almost all production (96%) consisted of new or upgraded military equipment in 2024.<\/p>\n<p>&#8220;We began manufacturing new weapons that substantially enhanced the capabilities of Ukraine&#8217;s Defense Forces,&#8221; said Ukroboronprom Director General Oleg Gulyak.<\/p>\n<p>Most of the profits will go toward weapons production, expanding facilities, relocating operations, and building new manufacturing capabilities, with a smaller portion paid to the state budget as dividends, Ukroboronprom said.<\/p>\n<p>In 2024 Ukroboronprom <a href=\"https:\/\/kyivindependent.com\/ukroboronprom-becomes-one-of-worlds-top-50-defense-companies-for-first-time\/\"><strong>broke into<\/strong><\/a> the global top 50 for the first time in Defense News&#8217; annual ranking, jumping 16 spots from 65th place last year.<\/p>\n<p>The company&#8217;s revenue surged 72% to $2.2 billion in 2023, making it the fastest-growing \u00a0among the world&#8217;s top 100 defense manufacturers.<\/p>\n<p>Since the beginning of Russia&#8217;s full-scale invasion, Ukraine has significantly increased its weapons production, particularly focusing on <a href=\"https:\/\/kyivindependent.com\/10-ukrainian-drone-makers-to-watch\/\"><strong>unmanned systems.<\/strong><\/a><\/p>\n<p>Deputy Defense Minister <a href=\"https:\/\/kyivindependent.com\/ukraine-uses-over-95-of-domestically-made-drones-at-front-line-defense-ministry-says\/\"><strong>Valerii Churkin said<\/strong><\/a> earlier that more than 95% of drones used by Ukrainian forces at the front line are domestically manufactured.<\/p>\n<figure class=\"kg-card kg-bookmark-card\"><a class=\"kg-bookmark-container\" href=\"https:\/\/kyivindependent.com\/ukraines-long-suffering-aerospace-giants-look-to-europe-to-break-free-from-russian-orbit\/\"><\/p>\n<div class=\"kg-bookmark-content\">\n<div class=\"kg-bookmark-title\">Ukraine\u2019s long-suffering aerospace giants look to Europe to break free from Russian orbit<\/div>\n<div class=\"kg-bookmark-description\">Where the Donbas meets the Dnipro River, the USSR built out a dense range of massive factories, using the local coal and metal reserves to smelt, weld, and cast the heaviest of machinery \u2014 and weaponry \u2014 for the whole of the Soviet Union. One of these is Pivdenmash, formerly known by<\/div>\n<div class=\"kg-bookmark-metadata\"><img decoding=\"async\" class=\"kg-bookmark-icon\" src=\"https:\/\/assets.kyivindependent.com\/content\/images\/size\/w256h256\/format\/png\/2023\/03\/K-new.svg\" alt=\"Ukroboronprom posts $33 million profit as production triples\"><span class=\"kg-bookmark-author\">The Kyiv Independent<\/span><span class=\"kg-bookmark-publisher\">Kollen Post<\/span><\/div>\n<\/div>\n<div class=\"kg-bookmark-thumbnail\"><img decoding=\"async\" src=\"https:\/\/www.euro-tv.ro\/news\/wp-content\/uploads\/sites\/3\/2025\/05\/GettyImages-2187953056.jpg\" alt=\"Ukroboronprom posts $33 million profit as production triples\"><\/div>\n<p><\/a><\/figure>\n<\/div>\n<p> &#8211; https:\/\/kyivindependent.com\/tag\/ukraine\/rss\/<\/p>\n<p>This article appeared on the websitekyivindependent.com<br \/>\nThis article is taken based on Law no. 8\/1996 of Romania. News does not enjoy copyright, so they can be taken, this is our right to take news and information in its entirety and distribute them further. The content was made available to us through the rss mechanism<br \/>\n<a href=\"https:\/\/kyivindependent.com\/ukroboronprom-posts-33-million-profit-as-production-triples\/\">Original Content<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ukraine&#8217;s largest state-owned defense company Ukroboronprom \u00a0reported a consolidated net profit of Hr 1.31 billion ($31.5 million) for the previous year, according to a press release at the company&#8217;s website. Ukroboronprom is a leading strategic manufacturer of weapons and military hardware in Ukraine. The association unites about 100 enterprises that develop and manufacture weapons, military<a class=\"read-more\" href=\"https:\/\/www.euro-tv.ro\/news\/ukroboronprom-posts-33-million-profit-as-production-triples\/\"> [&hellip;]<\/a><\/p>\n","protected":false},"author":12,"featured_media":5915,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152,1],"tags":[6030,21,1421,4642,5370,6068,6069,6067],"class_list":["post-5914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kyivindependent","category-news","tag-6030","tag-as","tag-million","tag-posts","tag-production","tag-profit","tag-triples","tag-ukroboronprom"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ukroboronprom posts $33 million profit as production triples - News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.euro-tv.ro\/news\/ukroboronprom-posts-33-million-profit-as-production-triples\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukroboronprom posts $33 million profit as production triples - News\" \/>\n<meta property=\"og:description\" content=\"Ukraine&#8217;s largest state-owned defense company Ukroboronprom \u00a0reported a consolidated net profit of Hr 1.31 billion ($31.5 million) for the previous year, according to a press release at the company&#8217;s website. Ukroboronprom is a leading strategic manufacturer of weapons and military hardware in Ukraine. 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