Fire Point Sells 30% Stake to the UAE at a $2.5B Valuation
The United Arab Emirates defense group EDGE is acquiring a 30% stake in Ukrainian defense company Fire Point, valuing the business at $2.5 billion, BBC Ukraine reports.
According to BBC sources, the deal involves the sale of 30% of Fire Point’s shares and is valued at approximately $760 million. Fire Point has already submitted the required documents to Ukraine’s Antimonopoly Committee.
Fire Point manufactures FP-1 and FP-2 long-range drones, as well as Flamingo missiles, and plans to develop a ballistic missile. Its drones are among the primary systems used for long-range strikes deep inside Russian territory. According to sources cited by Scroll.media, the Flamingo missile has so far been less successful, though individual missiles have reached their targets.
EDGE was established in 2017 and is headquartered in Abu Dhabi, the capital of the UAE. The group brings together more than 35 organizations across six core clusters: platforms and systems, missiles and weapons, space and cyber technologies, commercial activities (EDGE Commercial), technology and innovation, and internal security. In 2025, EDGE entered the SIPRI ranking of the world’s largest arms manufacturers for the first time, reporting revenues of $4.7 billion.
Why does this matter?
If Fire Point is considered a new-generation defense tech company, it may be the first Ukrainian defense unicorn created during the full-scale invasion.
At the same time, some experts interviewed by Scroll.media caution that Fire Point currently operates in a single market with only one buyer — the Ukrainian state. If government orders were to stop, the company’s revenue would effectively fall to zero. While Ukrainian officials have publicly discussed the possibility of exporting weapons, no specific drones have yet been purchased by Western countries.
Integration with EDGE could change that dynamic, potentially opening the door for Fire Point to secure drone orders from countries in the Middle East.
Fire Point Sells 30% Stake to the UAE at a $2.5B Valuation
The United Arab Emirates defense group EDGE is acquiring a 30% stake in Ukrainian defense company Fire Point, valuing the business at $2.5 billion, BBC Ukraine reports.
According to BBC sources, the deal involves the sale of 30% of Fire Point’s shares and is valued at approximately $760 million. Fire Point has already submitted the required documents to Ukraine’s Antimonopoly Committee.
Fire Point manufactures FP-1 and FP-2 long-range drones, as well as Flamingo missiles, and plans to develop a ballistic missile. Its drones are among the primary systems used for long-range strikes deep inside Russian territory. According to sources cited by Scroll.media, the Flamingo missile has so far been less successful, though individual missiles have reached their targets.
EDGE was established in 2017 and is headquartered in Abu Dhabi, the capital of the UAE. The group brings together more than 35 organizations across six core clusters: platforms and systems, missiles and weapons, space and cyber technologies, commercial activities (EDGE Commercial), technology and innovation, and internal security. In 2025, EDGE entered the SIPRI ranking of the world’s largest arms manufacturers for the first time, reporting revenues of $4.7 billion.
Why does this matter?
If Fire Point is considered a new-generation defense tech company, it may be the first Ukrainian defense unicorn created during the full-scale invasion.
At the same time, some experts interviewed by Scroll.media caution that Fire Point currently operates in a single market with only one buyer — the Ukrainian state. If government orders were to stop, the company’s revenue would effectively fall to zero. While Ukrainian officials have publicly discussed the possibility of exporting weapons, no specific drones have yet been purchased by Western countries.
Integration with EDGE could change that dynamic, potentially opening the door for Fire Point to secure drone orders from countries in the Middle East.
