InfraDefenceThe capital behind defence.
Export credit · 2 Mar 2025

UK Export Finance-backed £1.6bn financing for Ukraine's LMM air defence missiles

Issuer or borrower
Government of Ukraine (Thales UK supplier)
Date
2 Mar 2025
Amount
£1.6bn
US$ equivalent
US$2.1bn
Type
Export credit
Structure
Loan underwritten by UKEF under Ukraine's £3.5bn country limit
Purpose
More than 5,000 Belfast-built Lightweight Multirole Missiles; contract placed by DE&S on Ukraine's behalf
Country
Ukraine / United Kingdom

Sources

  1. GOV.UK: Historic £1.6bn deal provides thousands of air defence missiles for Ukraine gov.uk · 2 Mar 2025

Checked against the documents above. Record DEF-2025-0003.

Randeep Bubbra
InfraDefence Weekly

The week in defence finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.

Working on a financing like this? Book 20 minutes with Randeep to see how it compares.

Newsletters

Weekly, one email. Work email only. Unsubscribe any time. Privacy.