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Defenseindustry

All articles tagged with #defenseindustry

world1 year ago

Global Arms Trade Surges Amid Rising Conflicts and Tensions

The global weapons trade saw significant growth in 2023, driven by conflicts in Ukraine and Gaza, and rising tensions in East Asia. According to SIPRI, the world's top 100 arms producers' revenue increased by 4.2% to $632 billion. Russian companies saw a 40% revenue increase, while German manufacturers also experienced growth. However, overall European growth was minimal at 0.2% due to low production capacities. In Asia, South Korean and Japanese companies expanded significantly, while Chinese growth slowed. Israeli manufacturers reported record earnings amid the Gaza conflict.

via DW (English)|
#defenseindustry#militaryspending#russia
world-news-military-and-defense2 years ago

"Missile Strikes and Defense Struggles Intensify in Ukraine Amidst Russian Onslaught"

Russia and Ukraine have intensified their attacks on each other's defense industries, with Russia launching a significant aerial offensive against Ukrainian cities, revealing vulnerabilities in Ukraine's air defenses. Despite shooting down many of the incoming drones and missiles, Ukraine suffered civilian casualties and infrastructure damage. In retaliation, Ukraine targeted Russian defense facilities with drones, causing casualties and damage. The conflict remains at a stalemate on the ground, with minor territorial gains for Russia. The exchange of strikes underscores the ongoing air war and the strategic importance of Crimea in the conflict. Allies of Ukraine, particularly the UK, are calling for increased air defense support for the country.

via Al Jazeera English|
##airdefenses#defenseindustry
military-and-defense2 years ago

"BAE Systems Resumes M777 Howitzer Production Amid Rising War Demand"

The U.S. Army, in partnership with BAE Systems, is restarting production of the M777 howitzer due to increased demand following its effective use by Ukrainian forces. The resurgence of this artillery piece underscores the impact of the Ukraine conflict on the global defense industry, driving a significant uptick in the need for advanced weaponry like artillery and missile-defense systems.

via The Wall Street Journal|
##artillery#defenseindustry