French company Cybergun signs $38 mln Ukraine weapons contract

French company Cybergun has signed a contract worth 36 million euros ($38.7 million) to supply Ukraine with various weapons, including hand grenades and assault rifles, it said on Monday. Ukraine has been pressing its allies to maintain support for the country in its war with Russia as Kyiv's troops face battle fatigue and the United States juggles priorities between its support for Israel against Hamas and the provision of military aid for Kyiv.

French company Cybergun has signed a contract worth 36 million euros ($38.7 million) to supply Ukraine with various weapons, including hand grenades and assault rifles, it said on Monday.

Ukraine has been pressing its allies to maintain support for the country in its war with Russia as Kyiv's troops face battle fatigue and the United States juggles priorities between its support for Israel against Hamas and the provision of military aid for Kyiv. Shares in Cybergun surged 76% in early trading on the back of the Ukraine contract, giving the company a market capitalisation of about 4 million euros. ($1 = 0.9306 euros)