"Chemring Foresees Decade of Rearmament Amid Record Orders and Facility Disruptions"
Originally Published 1 year ago — by BBC.com
Chemring, a major UK weapons manufacturer, predicts a decade-long surge in arms restocking due to global conflicts in Gaza, Ukraine, and tensions with China. The company aims to quadruple its sales to nearly £1bn by 2030, despite recent profit drops. European nations are increasing defence budgets, with the UK planning to raise spending to 2.5% of GDP. UK defence exports rose 70% from 2021 to 2022, though some political groups call for halting arms sales to conflict zones like Israel.