OREANDA-NEWS. On August 21, 2007 the Defense Ministry is developing a multifunctional rocket complex, Defense Minister Anatoliy Hrytsenko announced, reported the Official website http://www.kmu.gov.ua.

"The complex will replace the old rocket installations whose service life is almost over as well as the "Urahan" and "Smerch" volley-fire systems," the Minister said.

He also informed that modernization of the Il-29 aircraft and the Mi-24 helicopter is nearing completion. Work on the corvette seen as the Navy's key project is also under way, Mr. Hrytsenko said. "This ship will be entirely Ukrainian-made with the exception of a few pieces of armament and equipment to be imported to Ukraine as a result of tenders," the minister said.

He underlined that the Armed Forces rely on domestically produced equipment.