’War is good for business’ as drive to arm Ukraine looms over French expo

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

France hosted annual Eurosatory arms bazaar; 1,700 exhibitors included merchants representing Baltic and eastern European nations

Next to Ukraine’s stand at the world’s largest arms fair for ground forces on Monday, U.S. manufacturer Lockheed Martin proudly displays its anti-tank Javelin missile like a big brother protecting its younger sibling.

“This year is all about Ukraine. War is good for business, but it’s not something I am happy about,” one eastern European manufacturer said speaking on condition of anonymity. This year, the world’s second largest arms exporter is absent: three Russian manufacturers were set to come but pulled out. Meanwhile, among the 1,700 exhibitors, the numbers of stands from some Baltic and eastern European countries have doubled or tripled.

“France has entered a war economy,” President Emmanuel Macron said at the opening of the arms show, calling for European powers to learn from their past mistakes and develop the defence industry amongst themselves.Several manufacturers told Reuters there was a shortage of capacity, notably in Europe, which has for years depended on imported – especially American – arms. Some providers said they would not be able to catch up to the demand to arm Ukraine until 2024-2025.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Look at this tank: don't get it. The gap between the body and turret is just inviting antitank missiles to 'come in baby' and get blown up. Rus lost many to Javelins, so now they are leveling UKR with explosives from distance. Then send in the clean up crew.TNX 4 nothing west

America got rich/powerful on those millions killed in WW I and WW II and to this day. The problem is if the caused WWIII, to get even richer, they lose everything incl the homeland. 'Just when we thought we can sell more, we could get blown up by it'. Yes Rus wd do that

'You just need suckers to pay for it!' Canada prepares to spend billions more,to meet 'arbitrary' NATO budget target.

so the cowards france and germany will arm Ukraine this century?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines