"Staying in Ukraine means actually to stay local and to be eliminated in a couple of years or even months. We're a target for the enemy. Russia routinely targets Ukraine's defense production with missile and drone attacks."
"The Ukrainian market is not the biggest one, and it's very local, limited by what Ukraine's limited defense budget can afford. We don't want to stay the local players."
"Without an international market presence, foreign companies could copy Ukrainian innovations and scale production, taking market share that could have gone to Ukrainian firms."
"The project is still awaiting formal approval, but the firm says Ukraine has endorsed the move, explaining it's about scaling what works and bringing Ukrainian technology to the global level."
General Cherry, a Ukrainian drone manufacturer, is collaborating with US-based Wilcox Industries to produce drones in the US. Co-founder Stanislav Hryshyn expressed concerns about the dangers of remaining in Ukraine, where the market is limited and companies face threats from Russian attacks. The partnership aims to scale Ukrainian technology globally and mitigate risks associated with local competition and potential destruction. The project is pending formal approval, but it has received support from Ukraine, emphasizing the need for international market presence.
#ukrainian-defense #drone-manufacturing #international-collaboration #market-expansion #security-concerns
Read at www.businessinsider.com
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