REUTERS
The result has been achieved despite "lockdown in most of the company's partner countries" as the firm increased sales of military and dual-use products on global markets.
Ukraine's state arms exporter Ukrspecexport, part of the Ukroboronprom State Concern, increased net sales revenue in the first half of 2020 by 36.6% year-on-year, to UAH 1.53 billion, Ukroboronprom press service has reported.
The result has been achieved despite "lockdown in most of the company's partner countries" as the firm increased sales of military and dual-use products on global markets, the press service quotes CEO Vadym Nozdria as saying, according to Defense Express.
Ukrspecexport's net profit in the first six months of 2020 was up by 2.2 times on year, to UAH 150 million, the top official added.
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Positive dynamics are due to the success of a number of foreign economic contracts and the introduction of new standards of operational management.
This year, Ukrspecexport delivered to the country's defense ministry a batch of BMP-1 infantry fighting vehicles, as well as supplied radars to an unnamed foreign customer and began cooperation with Pakistan on military aircraft repair.