This initiative aims to produce missile systems that are significantly more cost-effective and quicker to manufacture than current models.
Project Highlights:
Objective: Frankenburg Technologies plans to develop missile systems that are 10 times cheaper and faster to produce compared to existing models. These systems are specifically designed to counter drone threats.
Key Participants:
- Martin Herem: Former Commander-in-Chief of the Estonian Armed Forces, serving as a consultant for the project.
- Kuldar Väärsi: CEO of Milrem Robotics, involved as a strategic investor.
- Taavi Madiberk: Co-founder of the company and CEO of Skeleton Technologies, a company specializing in supercapacitors and collaborating with Siemens.
- Margus Linnamäe: An indirect owner of Frankenburg Technologies and one of Estonia's wealthiest businessmen.
- Kusti Salm: Former Chancellor of the Estonian Ministry of Defense and the CEO of the company.
Ukrainian Operations: The company's CEO in Ukraine is Serhiy Koshman, who has a background in the Office of the President of Ukraine and Nokia Siemens Networks.
This initiative marks a significant step in strengthening Ukraine's defense capabilities, particularly in countering the evolving threat posed by drones. By establishing production in Ukraine, the company aims to contribute to the country's defense infrastructure with innovative and efficient missile systems.
