Ukrainian weapons production is booming: 40 percent on the front!
Ukrainian weapons production is booming: 40 percent on the front!
Ukraine - War in Ukraine focused on the national defense industry. President Wolodymyr Selenskyj has reported that Ukraine currently produces about 40 percent of its weapons to defend itself against Russian aggression. This in -house production comprises more than 1,000 different weapon types, including artillery granades, rockets, long -distance weapons and drones. Selenskyj emphasizes that over 40 percent of the weapons used on the front are manufactured in Ukraine, which underlines the importance of the domestic armaments industry. Around 300,000 people find employment there.
The successes of the Ukrainian armaments industry are in particular the further developments of combat drones and the production of artillery shooters. It is also noteworthy that Ukraine has started to use its own rockets in small numbers. Despite these positive developments, the country remains strongly dependent on support from abroad, especially in the area of tanks, armored vehicles and aircraft systems. Against this background, Selenskyj has made a proposal to acquire ten patriot flight defense systems for a total of $ 15 billion.
Current situation of defense investments in Europe
Even with a possible ceasefire in Ukraine, an increase in defense spending in Europe is expected. The study emphasizes that these investments not only benefit the armaments industry, but also trigger economic impulses that could boost portfolios in research and development as well as in technological areas. Planned defense spending could reach 72 billion euros per year in the next six years, which could stimulate activities worth 157 billion euros.
economic effects of defense investments
According to the results of the study, every euro generates that flows into defense, about twice as high economic activity. Defense investments create 190,000 jobs in the armaments industry, 340,000 indirect bodies for suppliers and around 150,000 through consumption expenses. Germany, Poland and the United Kingdom in particular benefit from the high employment effects; Over 137,000 jobs are secured in Germany.
The financial support for companies in the armaments industry that require new production capacities remains challenging. The markets recognize the growth potential in the defense sector. Future investments could lead to sales of 577 billion euros, of which 430 billion euros could flow into military equipment. An increase in armor expenditure to 3 percent of GDP would result in sales increases from 20 to 40 percent for armaments companies.Overall, the connection between Ukrainian armaments production, European defense investments and the economic effects show how narrow national security is linked to economic growth and employment. Ukraine remains dependent on international support, while the European countries strengthen and expand their defense sector.
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| Ort | Ukraine |
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