Denmark will provide a state guarantee for a 750-million-kroner ($113-million) loan to Ukrainian defense manufacturer Fire Point’s Danish subsidiary, helping finance its operations in Denmark, the Kyiv Independent reported.
Denmark’s Export and Investment Fund (EIFO) will provide the guarantee.
Copenhagen said risks associated with Russia’s war against Ukraine prevent the company from securing financing on standard commercial terms.
The arrangement is part of the Scandinavian country’s effort to host Ukrainian defense production outside Ukraine, reduce exposure to Russian attacks, and strengthen military equipment supply chains.
Defense Minister Jeppe Bruus said the initiative would also create opportunities for cooperation between Fire Point, Denmark’s Defense Ministry, and Danish companies.
Expanding Production and Missile Defense
The loan guarantee builds on Fire Point’s efforts to expand its European manufacturing and technology partnerships.
In August, the company reached agreements with more than a dozen European defense firms to integrate radar, guidance, and other technologies into Freyja, its planned missile defense system.
Fire Point aims to develop a Ukrainian alternative to the US-made Patriot, targeting a cost well below $1 million per ballistic missile interception.
The project emphasizes large-scale production, with a first missile interception planned by the end of 2027.
Denmark announced in September 2025 that Fire Point would establish a Danish facility to manufacture fuel for long-range missiles.
EIFO said its broader Ukraine portfolio includes nearly 40 projects supporting the country, as well as partnerships between Ukrainian and Danish businesses.
