The documents were submitted to the committee on December 30, 2025, according to a response from the Antimonopoly Committee of Ukraine (AMCU). The buyer is EDGE Group, a defense conglomerate owned by a sovereign fund of the United Arab Emirates.
As the AMCU noted, the application filed by EDGE Group PJSC for permission to acquire a stake in the charter capital of Fire Point LLC is currently under review. The submitted materials are being examined for compliance with applicable legislation and the regulations governing the review of merger and acquisition applications.
The potential deal was first reported by BBC Ukraine on December 30, citing sources within the company. According to those sources, EDGE Group plans to acquire a 30% stake in Fire Point for approximately $760 million, implying a valuation of around $2.5 billion. At the time the information emerged, Fire Point declined to comment to Forbes Ukraine.
EDGE Group was founded in November 2019. The conglomerate объединяет около 35 companies across civil and defense segments, including missile manufacturing, security systems, space technologies, and cyber solutions. It is one of the key defense holdings in the Middle East and is actively investing in high-tech projects.
Fire Point was founded in 2022. Over three years, its workforce has grown from 18 to approximately 3,500 employees. The company’s flagship product is the FP-1 long-range strike drone, capable of hitting targets deep inside Russian territory. Experimental developments include the Flamingo cruise missile, as well as the FP-7 and FP-9 ballistic missiles.
Until mid-2025, Fire Point remained largely unknown outside the defense industry. The situation changed in August, when Associated Press photographer Efrem Lukatsky published an image of the Flamingo cruise missile. Later, on August 20, President Volodymyr Zelenskyy described the development as the “most successful” among Ukrainian weapons systems.
If the transaction with EDGE Group receives approval from the AMCU, it could become one of the largest foreign investments in Ukraine’s defense tech sector since the start of the full-scale war. Interest from a UAE sovereign fund highlights growing international attention to Ukrainian defense technologies and their potential for scaling in global markets.
