Defence Sector and Aerospace

Defence Sector and Aerospace

The aerospace and defence industries constitute critical national infrastructure and play a decisive role in safeguarding sovereignty, advancing technological innovation, and strengthening Ukraine’s geopolitical positioning. Amid wartime conditions and accelerated military modernization, the demand for transparency, financial discipline, and compliance with dual national and international regulatory regimes is unprecedented.

Enterprises in these sectors are:

  • Scaling production of UAV platforms and dual-use technologies;
  • Advancing localization of critical components;
  • Modernizing aerospace assets and ground-based defence systems;
  • Rebuilding mission-critical infrastructure under state defence orders;

These developments occur under increased scrutiny from:

  • Government regulators (e.g. Ministry of Defence, State Audit Office);
  • International donors, grant providers, and foreign defence ministries;
  • Export control authorities (including ITAR, EAR, and national arms trade regimes);

Parker Russell UA, a member of the global Parker Russell International network, delivers integrated audit, tax, and regulatory advisory solutions to aerospace and defence enterprises. We assist companies operating within high-stakes frameworks-where national interests, defence legislation, and international oversight converge.

Key Services for Aerospace and Defence Clients

Statutory and Special-Purpose Audits
  • Audit of financial statements under IFRS
  • Assurance on the targeted use of budgetary appropriations and donor financing
  • Readiness assessments for external audits, including by state financial control bodies, NATO oversight entities, or multilateral donors
  • Evaluation and reinforcement of internal control environments
  • Implementation of risk-based compliance frameworks, aligned with the Law of Ukraine On Defence Procurement and associated regulatory acts
  • Advisory on establishing internal compliance procedures for dual-use goods and classified programmes
  • Legal structuring and compliance support for contracts with:
    • MoD and Armed Forces of Ukraine
    • Foreign governments and NATO partners
    • State-owned enterprises (SOEs) and SE “Ukroboronprom”
  • Regulatory navigation of:
    • Defence tendering procedures
    • State Defence Order (SDO) regimes
    • Export control and licensing frameworks including ITAR, EAR, and Ukrainian legislation
  • Preparation of financial models for state, PPP, and privately funded defence programmes
  • Contract profitability analysis, unit cost calculations, and project finance structuring
  • Feasibility studies and business plans for:
    • Launch of UAV assembly lines
    • Local production partnerships
    • Innovation clusters in aerospace and precision engineering

Structuring of tax-efficient relationships with:

  • Non-resident contractors
  • Cross-border component suppliers
  • Government counterparties
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Advisory on:

  • Controlled foreign company (CFC) rules
  • Transfer pricing compliance in military-industrial exports
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Why Leading Defence and Aerospace Companies Choose Parker Russell UA?

Audit-Ready Controls and Legal Compliance

We align enterprise systems with the requirements of:

  • Ukrainian defence procurement law
  • International donor agreements
  • Multinational audit protocols and anti-corruption covenants

Integrated Legal, Tax, and Audit Approach

Our multidisciplinary teams ensure holistic delivery across:

  • Contract law
  • Financial due diligence
  • Export control, cybersecurity, and data governance

Global Quality Standards

As part of Parker Russell International, we deliver services that meet expectations of:

  • OECD and FATF-aligned transparency standards
  • Donor-funded programme requirements
  • International public-sector audit mandates

Domain-Specific Expertise

We advise defence and aerospace actors with complex operations, including UAV producersmilitary R&D centresmaintenance facilities, and classified logistics contractors.

Contact us today

To develop a well-documented, compliant, and future-ready international structure tailored to your business strategy.

Contact us today

To develop a well-documented, compliant, and future-ready international structure tailored to your business strategy.

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