Ukraine Defense Minister Guarantees $250 Million for Joint Rocket Effort

Ukraine's Cyclone rocket

Brazilian Ministry of Defense PR — On a visit to the Brazilian Ministry of Defense, Defense Minister of Ukraine, Mykhailo Yezhel Bronislavovych, said today that Ukraine is transferring its part of investment in Alcântara Cyclone Space (ACS), a binational company created to market business services from rocket and satellite Maranhão.

“We have the resources of U.S. $250 million to be invested from October. We are also open to transfer technology to a new satellite launcher, the Cyclone 5, which will be produced jointly with Brazil,” he said.

The Brazilian Defense Minister, Celso Amorim, said that ACS is a strategic project for Brazil.

“Most of the program is under the control of the Brazilian Space Agency, the Defense Ministry has only a small share, but the promised contribution is excellent news, which bodes well for technological cooperation between the two countries,” he said.

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