Ukraine increases cruise missile production eightfold in 2024
The Ministry of Strategic Industries has reported an eightfold increase in the production of cruise missiles in Ukraine in 2024 compared to 2023. The production of long-range drones and the overall volume of domestically manufactured weaponry have also significantly increased.
Source: Herman Smetanin, Ukraine's Minister of Strategic Industries, during a briefing marking the Defence Industry Workers' Day, as reported by Suspilne
Details: Smetanin noted that the Ukrainian defence industry had shown unprecedented growth in 2024.
Whereas a few years ago the country was producing only Neptune cruise missiles, Ukraine now has "many new products, which have ensured an eightfold increase in production volumes compared to 2023".
He also highlighted the increase in the production of long-range drones: their output has more than doubled compared to 2023 and increased 22 times compared to 2022.
A total of 324 new types of weapons were developed in Ukraine in 2024. According to the ministry, Ukraine produced weapons worth a total of US$9 billion.
"This year, we already see growth. We will have the capacity to produce military equipment worth US$35 billion within Ukraine by the end of the year," Smetanin added.
Oleksandr Kamyshin, a strategic issues advisor to President Volodymyr Zelenskyy, stated that the domestic defence industry is currently capable of supplying the Armed Forces of Ukraine with almost the entire range of necessary military goods.
Quote from Kamyshin: "Today, according to various estimates, 30% to 40% of what our soldiers are fighting with is produced in Ukraine. This is also our economy. As of last year, a significant share of GDP was already accounted for by our defence sector. I am confident that we will be able to and will export our weapons after the war ends with our victory."
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