Denmark will guarantee a loan to the Danish subsidiary of Fire Point, the Ukrainian maker of Flamingo cruise missiles, the Danish Business Ministry announced on 21 October. The financing will run through EIFO, Denmark’s state export and investment fund.

Ukraine uses its Flamingo missiles to strike defense plants deep inside Russia as Moscow continues its full-scale invasion. Fire Point broke ground in December 2025 on a plant in Vojens, southern Denmark, to make solid fuel for the missiles. The project has since grown far more expensive. In August, CEO Iryna Terekh said its estimated cost had risen from €50 million to above €150 million, calling the figure “very rough.” The war, meanwhile, stands in the way of Fire Point borrowing on ordinary terms in Denmark, the ministry said. That is why the Danish state is guaranteeing the loan.

What Denmark is putting up

The guarantee covers 750 million Danish kroner, or about $112.6 million, Reuters reported. Terekh said in August that the plant’s launch had slipped to late 2027. The ministry called the deal another big step toward starting production. However, Ukrainian outlet Defender Media noted that the statement does not say directly that the loan will fund the plant.

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EIFO chief Peder Lundquist said the fund is involved in nearly 40 projects linked to Ukraine. Business Minister Martin Lidegaard said hosting a Ukrainian defense company brings Denmark knowledge, production, and partnerships. Europe’s security and freedom, he added, start in Ukraine.

Better shielded from Russian strikes

Defense Minister Jeppe Bruus said Denmark was the first country to decide to let a Ukrainian defense company set up on its soil. Production outside Ukraine, he argued, is better protected from Russian attacks. He added that Fire Point’s presence opens cooperation that could give Denmark access to technologies developed in wartime.

Denmark first said in September 2025 that Fire Point would make long-range missile fuel on Danish soil. Since then, the company has signed deals with more than a dozen European firms for FREYJA, an anti-ballistic project. It could reduce Europe’s long-term reliance on scarce US-made Patriot interceptors. Fire Point aims for a first ballistic missile intercept with it by mid-2027.

Ukraine has fired its new Fire Point FP-7 ballistic missile in anger for the first time, Ukrainian President Volodymyr Zelensky announced on Thursday, 1 October.

Kyiv hasn't said what the missile targeted or how much damage it caused. The Wall Street Journal, citing an unnamed source, reported that it struck a target in Russian-occupied Ukraine. Zelensky was ecstatic on social media. "Thank you for the result," the Ukrainian president wrote. "Next up: production. Glory to Ukraine!"

The FP-7 can hit back at Russia, but it can't stop the Iskander ballistic missiles Russia fires at Ukrainian cities. Its twin is meant to. Fire Point is building an interceptor version, the FP-7.X, as the core of Freyja, its bid for a cheaper alternative to the American Patriot, and the company aims for a first ballistic missile interception by mid-2027.

Kyiv drone- and missile-maker Fire Point, most famous for its FP-1 and FP-2 one-way attack drones and FP-5 Flamingo cruise missiles, has been hard at work on ballistic missiles for at least a year. Ballistic missiles can cost millions of dollars per round, making them much more expensive than a $50,000 drone or $500,000 cruise missile.

But the extra expense buys a lot more destructive potential. An FP-1 packs a 60-kg warhead; an FP-7's warhead weighs about 200 kg. While an FP-1 might motor as far as 1,000 km, it's slow and fairly easy to shoot down. An FP-7 possesses less range—up to 250 km under the best conditions—but it streaks through the atmosphere at several times the speed of sound, making it extremely difficult to intercept.

The only Russian air defense systems that stand any chance of swatting down an incoming FP-7 are also among the most in-demand in the Russian inventory and thus the most over-stretched: the S-400 surface-to-air missile batteries.

Ukrainians know better than anyone the kind of damage and terror ballistic bombardment can inflict. Since effectively running out of Patriot surface-to-air missiles earlier this year, Ukraine has been unable to defend itself against weekly Russian bombardment that now usually includes several Iskander ballistic missiles.

The Russian bombardment threatens to disrupt commerce, throttle electricity generation, and grind down Ukrainian morale at a critical juncture in Russia's wider war on Ukraine. Ukrainian troops are holding their own along the 1,200-km front line, but behind the front line everyday Ukrainians are suffering under missile and drone impacts.

That suffering will only get worse as winter closes in, temperatures drop, and the Russians resume intensive attacks on the electrical grid, potentially depriving millions of people of household heating. Ukrainian batteries firing FP-7s can't directly prevent Russian attacks. But they can retaliate for the attacks.

Expect the ballistic tit for tat to intensify. It may not be the first Ukrainian ballistic missile fired in anger: in June, Russia said it shot down a Ukrainian ballistic missile over Moscow, and Kyiv never said what it was. But the FP-7 is the first Kyiv has confirmed using in combat, and it has the range and payload to inflict serious damage on targets inside Russia. But an even more powerful Ukrainian missile, the Fire Point FP-9, is coming soon. It reportedly ranges 850 km with an 800-kg warhead.

The ballistic phase

The FP-7 can smash Russian depots, air bases, and factories in oblasts bordering Ukraine. The FP-9 could wreak havoc as far as Moscow. The only major constraint on the Ukrainian bombardment will be Fire Point's production capacity, and Kyiv's ability to finance that production.

The Ukrainians will be incentivized to produce as many FP-7s—and, later, FP-9s—as possible. The same factories that produce surface-to-surface FP-7s will also churn out a surface-to-air variant, the FP-7.X.

That missile, which is overall similar to the standard FP-7 but includes a sophisticated seeker head, is the main munition for Ukraine's new mostly homemade air defense system being developed by Fire Point and various foreign partners under the auspices of the European missile defense program Freyja.

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If the FP-7.X works as advertised and Fire Point can scale production, it could bolster Ukraine's defenses against Russian ballistic missile strikes while the standard FP-7 and its bigger cousin the FP-9 retaliate for Russian ballistic missile strikes.

A new phase of the wider war is about to begin—the ballistic phase, where both sides can pummel the other with hard-to-intercept missiles.

The side that makes the most and best missiles, for offense and defense, will prevail in the coming ballistic fight.