Investing in Ukraine’s Defense Edge: A Conversation with Perry Boyle

An interview with Perry Boyle of MITS Capital details the firm's investment in Ukraine's defense industry, focusing on battlefield-tested technologies like drones and jam-resistant communications. Boyle highlights the unique advantages of Ukraine's defense sector, such as the direct feedback loop between manufacturers and frontline soldiers, which fosters rapid innovation. The discussion contrasts Ukraine's nimble, decentralized procurement system with the bureaucracy of NATO countries, arguing that while it has flaws, it has been essential for the war effort. Key challenges for Ukrainian defense companies include a lack of long-term contracts, poor access to capital, and a restrictive government policy on export permits that hinders growth.