Ukraine to Develop its own Modern Missile Complex

KYIV, Ukraine, February 21, 2011 - Ukraine will build its own up-to-date missile complex called
Sapsan. The new multi-functional missile complex is expected to combine the
features of a tactical missile complex and a multiple rocket launcher. This
was announced during the visit of the Ukrainian President Viktor Yanukovych
to Kharkiv City, Eastern Ukraine.

The missile range stated by the developer (the Pivdenne Design
Bureau in Dnipropetrovsk) is up to 280 kilometers. The new weapon is expected
to be tested in 2012-2013 and enter service in 2015. The estimated
construction cost of the new missile system is 3.5 billion UAH (USD 440 mln.)

When asked about the readiness of the modern Sapsan missile
complex, Viktor Yanukovych reassured that the government is set to carry out
this plan within the shortest timeframe as well as to make sure the project
is properly financed. The president has referred to Sapsan as to the "most
up-to-date" missile system to be constructed in Ukraine.

In addition, the Ukrainian president highlighted that the
government plans to back up Ukraine's participation in preparation of the
space launching site in Brazil and support such major projects as Dnipro, and
Cyclone-4.

In recent years Ukraine has occupied one of the world's
leading positions among the countries that produce rocket launchers. Another
world-known achievement of Ukraine is production of the ecologically
sensitive rocket complex Zenit, one of the best rocket carriers with a fully
automated preparation and launching process. The carrier is produced by
Pivdenne Design Bureau. Zenit will serve as a base for creating an entire
family of prospective space carriers. Moreover, Kharkiv based design bureau
Khartronis a leading think-tank of Ukrainian missile construction industry.
Khartron is among the three design bureaus in the world, capable to produce
sophisticated missile control systems. Ukraine is one of the three successors
of the Soviet Union's space industry potential. Moreover, Ukraine is one of
the five countries in the world, which has a complete rocket production
cycle. Ukrainian companies that work in the space industry utilize most of
the known space technologies and participate in 50 international space
projects.

For more information, please contact Maryna Khorunzha +380509151565
news at wnu-ukraine.com, Project Manager at Worldwide News Ukraine