08/25/2026
Ukraine's defense production capacity is projected at $55bn this year, against $1bn before 2022. That is close to a quarter of national GDP.
Four years of developing and testing low-cost drones, interceptors, and missiles under fire has produced technology nobody else has battle-proven. Ukraine can charge a serious markup for it in Europe, the Middle East, and beyond, and will need to stay heavily armed regardless of any ceasefire. The industry is positioned to dominate reconstruction.
Šimon Peichl argues the shape of that recovery turns on whether Kyiv makes the right export deals, not on whether the demand exists.
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