KYIV, Oct 14 – Ukraine's defense industry urgently requires additional investment to implement innovations that will compensate for limited resources and save lives, said Perry Boyle, co-founder of MITS and a former executive committee member at Point 72, LP.

"To win, you need not only to defend but also to strike back at the aggressor. Ukraine's defense industry urgently needs additional investments to implement innovations that will compensate for limited resources and save lives. Ukraine must become the arsenal of democracy – a stronghold for Eastern Europe and the free world in deterring Russia," he said at the MITS forum: U.S. – Ukraine Defense Tech Partnership in Kyiv.