Ukrainian Drone Maker SkyFall Signs Agreement That Could Unlock EU Funding for Defense Technologies

Ukrainian defense technology company SkyFall has signed a memorandum of understanding with Poland’s state development bank, Bank Gospodarstwa Krajowego (BGK), opening the way for potential European Union financing of future defense and dual-use technology projects.

According to SkyFall, the agreement was signed during the Ukraine Recovery Conference (URC) 2026, held in Gdańsk on June 25–26.

The memorandum establishes a framework for SkyFall and BGK to explore projects that could receive financing through Pillar II of the European Commission’s Ukraine Facility program.

According to SkyFall, the initiative is intended to support the company’s development of dual-use technologies and unmanned systems. SkyFall is known for producing the Vampire bomber drone and the P1-SUN interceptor drone.

The signing ceremony was attended by European Commissioner for Enlargement Marta Kos and Ukraine’s Deputy Defense Minister Serhii Boiev.

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Pillar II of the Ukraine Facility—also known as the Ukraine Investment Framework (UIF)—is part of the European Union’s €50 billion Ukraine Facility for 2024–2027. The mechanism is designed to mobilize public and private investment to support Ukraine’s recovery, reconstruction, modernization, and integration with the European Union.

The investment framework has a budget of €9.6 billion, including €7.8 billion in budget guarantees and €1.8 billion in blended grant financing. According to the European Commission, the program is expected to mobilize up to €40 billion in investments.

The mechanism supports projects through budget guarantees, investment grants, technical assistance, and other financial instruments available to both public and private sector entities.

According to the European Commission, by April 2026, €8.5 billion in guarantees and grant agreements had already been allocated under the mechanism, representing about 89% of the funding available for the 2024–2027 period.

Earlier, the European Union restructured the first disbursement of its new €90 billion macro-financial support package for Ukraine, replacing a planned €5.9 billion defense allocation with €3.2 billion in direct budget support while finalizing oversight mechanisms for future military funding, including drone procurement.

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