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Stock impact report

Ukraine, UK sign agreement to cooperate on arms production [Reuters]

BAE SYSTEMS PLC S/ADR (BAESY) 
NASDAQ:AMEX Investor Relations: investors.baesystems.com
Company Research Source: Reuters
said in Kyiv, part of a wartime effort to build up Ukraine's domestic weapons industry by working with allies. The document was signed at a military industry conference in Kyiv that was attended by about 30 British defence companies who visited to discuss potential joint ventures with Ukrainian weapons and defence producers. "It is the first intergovernmental agreement on cooperation," Oleksandr Kamyshin, Ukraine's Minister for Strategic Industries, told reporters after the signing ceremony. "Today British companies are working with Ukrainian companies and looking for opportunities to produce more weapons jointly." Greg Hands, UK Minister for Trade Policy, said he hoped the agreement would bring gains for Ukraine on the battlefield and also benefit its battered economy in the longer term. Report this ad More than two years since Russia's February 2022 invasion , Ukrainian troops are outgunned and outmanned on the battlefield by a better-equipped and large foe. Amid mount Show less Read more
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