French company Verney-Caron of Cybergun Group signs EUR 36 Mn framework contract to supply weapons to Ukraine.

Cybergun, a global player in recreational shooting, on November 6 announced that its subsidiary Verney-Caron, the oldest French arms manufacturer, has signed a framework contract with the Ukrainian state company Ukrspecexport for a record amount of €36 Mn. This framework contract provides for the supply by Verney-Caron of 10,000 assault rifles, 2,000 precision rifles and 400 grenade launchers.
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This framework contract provides for the supply to the Ukrainian armed forces by Verney-Caron of 10,000 assault rifles, 2,000 precision rifles and 400 grenade launchers (Picture source: Verney-Caron Défense)

This historic contract demonstrates the continued strengthening of bilateral relations between France and Ukraine in terms of defense cooperation and the capacity of players in the French arms industry to put themselves at the service of this cooperation.

The execution of this framework contract is subject to the establishment of the necessary financing, which may be provided by Ukrainian and French funds, within the framework of an agreement between the Ukrainian State and the support fund for Ukraine. Verney-Caron is committed to working closely with all stakeholders to ensure the completion of this transaction within the agreed deadlines and should welcome a Ukrainian delegation to its Saint-Etienne production site in the coming weeks.

Deliveries of qualification batches are planned for early 2024. The first mass deliveries are planned 6 months after execution of the framework contract, subject to Verney-Caron obtaining the necessary import-export authorizations between France and Ukraine in the field of arms. The delivery process will be spread over 10 months, allowing Verney-Caron to adapt its production tool to the volumes committed.

Defense News November 2023