"Ukraine is investing heavily in the development of powerful missiles, aiming to build a market for the weapons the way it has done with drones, a senior government official told Business Insider. Mykhailo Fedorov, the first deputy prime minister of Ukraine and its minister of digital transformation, said that Kyiv is "actively building the missile market," pumping millions of dollars into different initiatives. "We are acting as an angel or venture investor in our country through Brave1," the Ukrainian government-backed innovation driver, Fedorov said, speaking through a translator in an interview this week. "We are granting hundreds of millions of hryvnias for different missile programs.""
"Ukraine's defense industry has been extremely focused on mass-producing drone technology, which is viewed as a cost-effective tool for reconnaissance and strike missions that can be rapidly distributed to front-line units. But Ukraine is increasingly setting its sights on building an arsenal of long-range weapons that can strike deep inside Russia and hit air bases, oil refineries, and other targets once thought to be out of reach. Missiles have emerged as a key area of focus for Kyiv."
Ukraine is investing heavily to develop powerful missiles and aims to build a domestic missile market modeled on its successful drone sector. The government is channeling funds through Brave1, a defense accelerator that provides grants and supports development and testing of Ukrainian-made weapon systems. The state is acting like an angel or venture investor, granting hundreds of millions of hryvnias to missile programs and funding companies at various development stages. The defense industry previously focused on mass-producing cost-effective drones for reconnaissance and strike missions. The new emphasis targets long-range weapons capable of striking deep inside Russia at air bases, oil refineries, and other strategic sites.
Read at Business Insider
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