Estonian defense company to produce missile systems in Ukraine.
Estonian company Frankenburg Technologies announced the start of missile system production in Ukraine.
"The newly established Estonian defense company announced it will start producing anti-drone missile systems in Ukraine," Bloomberg reported.
It is noted that the statement by Frankenburg Technologies indicates the interest of European weapons manufacturers in establishing production on Ukrainian territory.
Frankenburg Technologies, founded in January, has leading defense and technology specialists from Estonia. The company collaborates with Estonian General Martin Herem, former Commander of the Defense Forces, and Milrem Robotics CEO Kuldar Väärsi, who acts as a strategic investor. (Estonian company Milrem Robotics is an active participant in several European defense projects managed by the European Defense Agency and the European Defense Fund.)
One of the co-founders of the company is Taavi Madiberk, CEO of Estonian supercapacitor manufacturer Skeleton Technologies, which has investments in Germany and France and a partnership with Siemens. According to the company's documents, Margus Linnamäe, one of Estonia's richest businessmen, is connected with Frankenburg Technologies.
Source: Ukrinform
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