By Peter Apps LONDON - As Russia's Vladimir Putin and North Korean leader Kim Jong-un met this week to discuss what analysts believe will be a deal for an exchange of weapons, the West'sBy Peter Apps
Consultancy McKinsey reports that Russia saw its defence exports fall 21% over the first year following the Ukraine invasion, creating further openings for Western arms sales in the developing world. Since then, demand has only increased, particularly for armoured vehicle components to be used by both Britain and other European states. The firm says finding suitably skilled labour is a mounting problem, prompting it to step up its apprenticeship programme over the last two years.
"Ukraine is a very interesting combination of First and Second World War technologies and very modern technology," said Vaarsi, also pointing to the development of"loitering munitions" and artificial intelligence analysis.
South Korea's tech and defence industries have made particular inroads into Europe, viewed as an alternative to China to manufacture high-tech chips and striking an increasingly confident series of defence deals to conquer the European market.
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