MILITARY & DEFENSE
The defence industry is one of the key industries behind territorial security and innovative advancement.
With an annually increasing defense budget, Ukraine’s spending on security and defence has climbed to nearly 6% of gross domestic product in 2021. Exports amounted over $500 million and is expected to rise.
The military has nearly 250,000 troops, it continues to reform in line with Euro-Atlantic agreements and the government is acquiring new hardware to gradually replace the Soviet-era arsenal. Ukraine’s state-owned enterprise, Ukroboronprom is undergoing corporatization. In 2020 over 54% of Ukraine’s state defense order was filled by Ukraine’s private military corporations. With innovation on the rise, new legislation on transparency and procurement is paving the way for better international cooperation.
Black Trident’s military and defense team helps clients understand the market, its processes and avenues for successful cooperation. Reform-oriented organizations are also provided informative support and coordination.