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Former Ukrainian minister Fedorov announces defense technology company
๐Ÿ‡ฑ๐Ÿ‡น Lithuania /Technology

Former Ukrainian minister Fedorov announces defense technology company

From Delfi · () Lithuanian

Translated from Lithuanian and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Former Ukrainian Defense Minister Mykhailo Fedorov announced plans to create a defense technology company.
  • Fedorov said Palantir CEO Alex Karp would be the projectโ€™s first major investor.
  • He said the venture would strengthen Ukraine and promised to release more details later.

Former Ukrainian Defense Minister Mykhailo Fedorov has announced plans to create a defense technology company, naming Palantir CEO Alex Karp as its first major investor.

Fedorov made the announcement on Telegram by posting a video with Karp. โ€œWe are working to create our own defense technology company. The first major investor will be Alex Karp, the CEO of Palantir,โ€ he said.

Fedorov described the project as an ambitious joint venture that would strengthen Ukraine and help build a safer future for the world. He said he would provide more information later.

Fedorov previously said he was ready to help the United States develop unmanned technologies in exchange for interceptor missiles for Ukraineโ€™s Patriot air-defense systems.

We are working to create our own defense technology company. The first major investor will be Alex Karp, the CEO of Palantir.

โ€” Mykhailo FedorovFedorov announced the company and identified Karp as its first major investor.
About this summary

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.