Kvertus, Ukrainian EW Systems Manufacturer, Secures Deal with Major Armored Vehicle Supplier
Kvertus, Ukraine’s leading electronic warfare (EW) systems manufacturer, has announced a significant contract with “Ukrainian Armor”, the country’s largest private machine-building company. Starting in 2025, Kvertus will equip all armored vehicles produced by “Ukrainian Armor” with its advanced EW systems. This strategic partnership is set to bolster Ukraine’s defense capabilities and solidify Kvertus’ position in the EW market.
Investment and Growth
Kvertus has experienced remarkable growth, tripling its revenue in 2023 compared to the previous year. Since 2021, the company’s revenue has increased by an impressive 50 times. While the financial details of the contract with “Ukrainian Armor” remain undisclosed, Kvertus CEO Yaroslav Filimonov anticipates a substantial increase in revenue due to this collaboration.
“Ukrainian Armor” has also witnessed significant growth, driven in part by defense orders. The company’s revenue surged from 103 million hryvnias to 13 billion hryvnias in the first year of the full-scale invasion. In 2023, revenue doubled again, reaching 32.4 billion hryvnias. The company plans to equip over 50% of its vehicles with EW systems, including those from Kvertus.
Kvertus’ Product Portfolio
Founded in 2017, Kvertus specializes in countering enemy FPV, Autel, and Matrice drones. The company also produces the Azimut radio-electronic intelligence complex, which detects enemy UAVs, and the “Vepr” line of EW systems for protecting critical infrastructure and industrial facilities. Approximately 60% of Kvertus’ supplies are dedicated to countering FPV drones.
Industry Recognition and Future Plans
Kvertus is recognized as the largest public company in the Ukrainian EW industry. While the company faces competition from around 50 other EW manufacturers in Ukraine, it distinguishes itself through its focus on quality and innovation. Kvertus is actively investing in research and development, with 80% of its revenue allocated to new projects. The company is currently developing EW systems capable of operating below noise levels and landing drones equipped with machine vision. Kvertus has invested $500,000 in this technology and is awaiting its codification and adoption by the Ukrainian Armed Forces.
Additionally, Kvertus has invested approximately $2 million in the development of the Azimut and its successor, the Ranger. The company is also exploring opportunities for international expansion, with plans to export its products once regulations permit.
This article is based on the insights from article by Luba Balashova, published on Forbes.ua
