KIEV (Sputnik) — The Ukrainian state-run defense concern Ukroboronprom announced a plan to manufacture firearms, such as the M16 assault rifles, in Ukraine in accordance with NATO standards jointly with the US Aeroscraft company, the press service of Ukroboronprom said Tuesday.
"The state concern Ukroboronprom, a part of the state Ukroboronservice company, jointly with the US Aeroscraft company will produce firearms in accordance with NATO standards in Ukraine. The first project will be the M16 assault rifle," the press release said.
The agreements resulted from the Memorandum of Understanding for cooperation signed between the companies, the press release specified.
Despite Kiev's aspirations to become part of the alliance, NATO officials have repeatedly stressed that the country needs to implement a wide range of reforms before pursuing bloc membership.