The Government of Ukraine adopted the relevant resolution and order during its session on December 9.

The State Concern will cease to exist by becoming a joint stock company, whose 100% of shares belong to the state of Ukraine. Ukroboronprom’s state unitary and state-owned enterprises will be reorganized into business entities (joint-stock companies or limited liability companies), also 100% controlled and state-owned.

Transformation of Ukroboronprom will bridge the technological gap between the public sector of the national defence industry and the world's leading defence companies.