US Edition
Satellite Imagery Shows Rapid Expansion of European Ammunition Factories
- European defense factories are expanding at triple speed since Russia's full-scale invasion of Ukraine in 2022, according to the Financial Times.
- The Financial Times identified 7 million square meters of new industrial development in 150 facilities across 37 companies associated with ammunition and missile production.
- Rheinmetall has seen its stock price surge 1,000% amid a defense spending drive after the invasion.
- A joint venture between Rheinmetall and N7 Holding opened a significant ammunition and explosives plant in Várpalota in July 2024.
36 Articles
36 Articles
FT: European defense plant space tripled since 2021 - Euromaidan Press
Three years after Russia invaded Ukraine, Europe has constructed an industrial war machine spanning 7 million square meters of new weapons facilities, marking the continent's largest defense buildup since World War II
Europe's arms industry is experiencing historic growth. Since the Russian invasion of Ukraine, arms production on the continent has been massively expanded – also for fear of war.
Even before the funds put in place by the maxi rehabilitation plan Readiness 2030 arrive, the European defence groups have already begun to expand their factories at an unprecedented pace before the Russian invasion of Ukraine. By examining satellite images of 150 production facilities belonging to 37 companies, from Norway to Great Britain, Italy and Spain, the Financial Times has discovered that the areas affected by construction works of new …
Europe's arms factories expand at a rate of three times faster than before the war in Ukraine and now occupy a total area of 7 million metres in more than three years, according to a financial analysis of the...
The Financial Times reported the incredible details.
Europe is building new weapons and armor factories and increasing its munitions production at a record pace.
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
