Denmark backs Fire Point with $113 million loan guarantee
The Danish government will provide a guarantee on a loan of 750 million Danish kroner (US$112.6 million) to the Danish subsidiary of Fire Point, the Ukrainian maker of missiles and drones, according to Reuters and a press release from Denmark's Ministry of Business and Competitiveness.
The financing will go through the Danish Export and Investment Fund (EIFO). "The loan is backed by a state guarantee because the war in Ukraine makes it difficult for Fire Point to obtain credit in Denmark on standard commercial terms," the release says.
A plant in South Jutland
A solid rocket fuel plant is being built in South Jutland near Skrydstrup air base. It is due to start operating by the end of 2027.
Defence Minister Jeppe Bruus said it is important to shield Ukrainian defence production from Russian strikes. Locating capacity abroad, he said, lets Ukraine secure critical supply chains.
"Locating the Ukrainian defence industry outside the country is largely protected from Russian attacks," the minister said.
Business and Competitiveness Minister Martin Lidegaard added that Denmark remains steadfast in supporting Ukrainians' fight for freedom, and that a Ukrainian defence company on Danish soil brings knowledge, production capacity and partnerships that will help Ukraine win and make Europe stronger and more independent.
Freyja components
Fire Point has also signed agreements with more than a dozen European defence companies to supply radars, guidance systems and other components for the Freyja complex. The project aims to give Ukraine's forces a domestic alternative to US Patriot missile defence systems.
Background
In spring 2025 Denmark launched an investment guarantee mechanism through EIFO covering up to 70% of Danish companies' capital investment in joint defence projects with Ukraine. In September 2025 Danish authorities announced the Ukrainian developer would build a rocket fuel plant in South Jutland; Denmark became the first NATO country to host production lines of Ukraine's defence industry.
In July 2026 Ukraine and nine other European states formed a coalition in Paris to build anti-ballistic capabilities, with the Freyja air defence system led by Fire Point engineers at its centre. In August 2026 Fire Point signed contracts with European partners for components of the new interception system and raised the planned cost of the Danish plant to 150 million euros.
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