Kiev’s Need for Weapons Increased Turnover of Western Manufacturers by 7.5%, Media Reports

 / Go to the mediabankA new technology which allows military forces to select the explosive output of ammunition has been developed by German company TDW, Defense Aerospace reported / Go to the mediabankInternationalIndiaAfricaMOSCOW (Sputnik) – The ten largest arms companies in the United States and Europe increased their turnover by 7.5% in the last quarter of 2022 due to the growing needs of Ukraine, a Spanish news outlet reported on Monday. At the moment, the arms manufacturers have a promising future, as Kiev’s regime needs a huge amount of weapons to confront Russia, the newspaper reported. In addition, the news outlet cited the intention of German arms manufacturer Rheinmetall to buy Expal, a leading ammunition manufacturer in Spain, as an example of the expanding arms industry. The German company’s offer amounts to about 1.2 billion euros ($1.28 billion), the newspaper said, citing sources, adding that two years ago Expal was worth half as much.


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