Ukroboronprom, Israel's Elbit Systems sign memorandum of cooperation

The parties will exchange technology and practical experience in the use of new weapons.

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Ukraine's state-run Ukroboronprom Concern signed a memorandum of cooperation with Israel's Elbit Systems Ltd.

The document provides for the further development of joint projects in communications, surveillance and reconnaissance systems for ground and air forces, aerial rescue equipment, radar stations, equipment for port protection, modernization of armored vehicles, the press service of Ukraine's Defense Ministry said.

Read alsoUkraine, Israel sign agreement on free trade area

"The memorandum foresees the implementation of further projects through mechanisms of the exchange of technology and practical experience in the use of new weapons," it said.

Elbit Systems Ltd is a high technology company that implements defense programs around the world, developing and supplying a wide range of airborne, land and naval systems, as well as products for defense and homeland security.

As UNIAN reported, Ukraine and Israel signed an agreement on a free trade area on January 21. The purpose of the agreement is to create the legal basis for the liberalization of both countries' markets of industrial and agricultural goods.

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