Ukrainian defense technology manufacturer TAF Industries and Finnish defense and security technology group Summa Defence have signed a memorandum of understanding (MoU) to establish a joint venture for developing industrial production capacities in Finland.
According to a joint release issued on Monday, the memorandum was concluded within the framework of the Build with Ukraine initiative, and its official signing took place during the TAF Industries Demo Day event in Kyiv region on April 24.
The cooperation aims at the joint production of TAF Industries products in line with the needs of the Armed Forces of Ukraine, using Summa Defence’s production infrastructure and technological ecosystem in Finland.
“Integrating into the European defense ecosystem in combination with securing additional opportunities for supplies to the Ukrainian Armed Forces are core priorities for TAF Industries. By combining our operational expertise and battle-proven technology with Summa’s industrial scaling capabilities, we are creating a powerful alliance to strengthen the military capacity of both our nations,” — Volodymyr Zinovskyi, CEO of TAF Industries.
“Our partnership with TAF Industries represents a strategic fusion of Finnish engineering excellence and Ukrainian frontline innovation. By bringing battle-proven technology of Ukrainian companies to Finland, we are not just scaling production; we are building a more resilient defense ecosystem for Northern Europe and Ukraine alike,” — Jussi Holopainen, co-founder of Summa Defence.
TAF Industries is a leading Ukrainian defence technology company that develops and manufactures scalable, combat-proven solutions.
The company manufactures over 30 types of defence products, including FPV and reconnaissance UAVs, interceptor drones, electronic warfare systems, remote control solutions, and intelligent technologies for the modern battlefield. TAF Industries operates a vertically integrated model, combining an in-house R&D center, a distributed network of production facilities, and a highly specialized engineering team.
Summa Defence is a Finnish defence and security technology group dedicated to building a robust industrial foundation by consolidating innovative small and medium-sized enterprises specializing in defence and dual-use technologies. The company’s primary mission is to strengthen the comprehensive security of society through a strategic focus on three core areas: maritime technologies, land technologies, and new technologies. By pursuing both organic growth and inorganic expansion through acquisitions, Summa Defence aims to establish itself as a global forerunner in the comprehensive security industry. The group’s shares are publicly traded on the Nasdaq First North Growth Market.
