Ukroboronprom may be reorganized into nine holding companies - Urusky.

In the process of reform, more than 60 enterprises of Ukraine's state-owned company Ukroboronprom are planned to be reorganized into nine holding companies, the press service of Ukroboronprom reports referring to Deputy Prime Minister for Strategic Industries Oleh Urusky.

Six of these companies will be part of the new holding "Defense Systems of Ukraine” and three will be part of "Aerospace Systems of Ukraine".

"Everyone understands that Ukroboronprom needs to be reformed: some [of its] companies that no more relate to the defense industry need to be transferred for privatization to the State Property Fund, the rest of the companies will form the basis of nine holding companies in relevant sectors - six of them will be part of the future holding company ‘Defense systems of Ukraine’ and three will be part of ‘Aerospace systems’. Each holding company will need specialists in various fields,” the press service of Ukroboronprom cited Urusky as saying.

As reported by Ukrinform, President Volodymyr Zelensky dismissed Aivaras Abromavicius from the post of director general of Ukroboronprom on October 6, 2020.

Ihor Fomenko was appointed as acting director general of Ukroboronprom.

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