Latest news with #armsproduction
Wall Street Journal
11 hours ago
- Business
- Wall Street Journal
How Europe and Canada's Military Spending Stacks Up Against the U.S. and Russia
European members of NATO and Canada lag far behind the U.S. in defense-spending levels and military capabilities. Now they are trying to fix that, as Russia expands its arms production and rebuilds its fighting forces. This week European governments agreed to break with decades of low military budgets, raising their spending targets to 3.5% of gross domestic product, up from 2% of GDP. They also agreed to an additional 1.5% in nonlethal spending related to defense, the first time the North Atlantic Treaty Organization has explicitly set such a target.
Al Arabiya
6 days ago
- Business
- Al Arabiya
Putin says Russia plans to deepen military-technical ties with ‘friendly countries'
President Vladimir Putin said on Friday that Russia intends to develop military and technical cooperation with 'friendly countries' with whom Moscow wants to jointly produce arms and train military personnel. In a speech at Russia's showcase economic forum in St Petersburg, Putin said Moscow also planned to modernize its own armed forces and their bases by equipping them with the latest weapons and technology. 'We will harness new technology to improve the combat capabilities of the Russian armed forces, modernize military infrastructure facilities, (and) equip them with the latest technology and weapons and equipment,' he said. 'At the same time, we intend to develop military-technical co-operation with friendly countries. And we are talking not only about supplies or the modernization of equipment and weapons, but also about joint development, personnel training, and the creation of turn-key enterprises and production facilities,' he said. Talking about global trade, Putin said Russia planned to develop trade ties with its partners by removing barriers, opening up market niches and deepening investment cooperation.
Reuters
6 days ago
- Business
- Reuters
Putin says Russia plans to deepen military-technical ties with 'friendly countries'
ST PETERSBURG, Russia, June 20 (Reuters) - President Vladimir Putin said on Friday that Russia intends to develop military and technical cooperation with "friendly countries" with whom Moscow wants to jointly produce arms and train military personnel. In a speech at Russia's showcase economic forum in St Petersburg, Putin said Moscow also planned to modernise its own armed forces and their bases by equipping them with the latest weapons and technology. "We will harness new technology to improve the combat capabilities of the Russian armed forces, modernise military infrastructure facilities, (and) equip them with the latest technology and weapons and equipment," he said. "At the same time, we intend to develop military-technical co-operation with friendly countries. And we are talking not only about supplies or the modernisation of equipment and weapons, but also about joint development, personnel training, and the creation of turn-key enterprises and production facilities," he said. Talking about global trade, Putin said Russia planned to develop trade ties with its partners by removing barriers, opening up market niches and deepening investment cooperation.
The Sun
31-05-2025
- Business
- The Sun
Starmer warns UK must prepare to fight against enemies as he orders biggest investment in guns & bombs since Cold War
SIR Keir Starmer today puts the country on a war footing — as he warns we must prepare to 'fight and win' against our enemies. The Prime Minister is ordering the biggest investment in the production of guns and bombs since the Cold War. 2 Writing in The Sun on Sunday, Sir Keir said Britain is facing a 'more dangerous world' and the time has come to 'transform how we defend these islands'. He added: 'We will meet this moment head on — by mounting the kind of response not seen before in most of our lifetimes. "We will restore Britain's war-fighting readiness as the central purpose of our Armed Forces. "We are being directly threatened by states with advanced military forces. 'So we must be ready to fight and win. After all, the best way to prevent conflict is by preparing for it.' Unveiling key details of the long-awaited Strategic Defence Review, he revealed the UK will move to wartime levels of arms production by building six new munitions factories. This £1.5billion investment will create or support nearly 2,000 jobs across the country. Some 7,000 long-range weapons will also be bought. It is the biggest rearmament programme the nation has seen in decades and will move the UK to an 'always-on' level of production. In recent years, our stockpiles of guns and missiles have nearly run dry as we donated so many to Ukraine. Kier Starmer vows to keep up economic pressure on Russia And the PM said the world is more dangerous than it has been in generations as we face the threat of tyrants in Russia, Iran and North Korea. He said this requires a 'fundamental shift' in Britain's military might, saying: 'It's time to bring together a whole of society effort to keep Britain safe. 'That means business, society, tech experts and more all working together. "And it means seizing this opportunity to change our country for the better.' Ministers have vowed to ramp up defence spending to 2.5 per cent of national income in 2027. Defence Secretary John Healey said he has no doubt UK defence spending will rise to 3 per cent by 2034. Overall, spending on weapons will hit £6billion by 2029. Mr Healey said: 'We're strengthening the UK's industrial base to better deter our adversaries and make the UK secure at home and strong abroad.' 2
South China Morning Post
12-05-2025
- Business
- South China Morning Post
India opens new BrahMos missile plant amid growing export demand and regional tensions
India's latest BrahMos missile production facility marks a strategic milestone in its decades-long push for defence self-reliance and increased arms exports, though analysts say it is more a symbol of industrial ambition than a game-changer for the country's military posture. Advertisement The 3 billion rupee (US$36 million) plant in Uttar Pradesh's capital Lucknow, inaugurated virtually on Saturday by Defence Minister Rajnath Singh, will produce between 80 and 100 supersonic cruise missiles a year. Launched in 2021, the facility is part of the Defence Industrial Corridor unveiled by Prime Minister Narendra Modi at the 2018 Global Investors' Summit to boost domestic arms production and attract private investment under the government's 'Make in India' and 'Atmanirbhar Bharat' (self-reliant India) programmes. Singh lauded the BrahMos as among the fastest supersonic cruise missiles in the world and framed its expansion as part of India's national security strategy. India's Defence Minister Rajnath Singh speaks after inaugurating the BrahMos Integration and Testing Facility Centre opening in Lucknow, India, on Sunday. Photo: Reuters 'This is not just a weapon; it is a message in itself – a message of the strength of our armed forces, a message of deterrence to our adversaries, and a message of our unwavering commitment to safeguarding our borders,' Singh said, alluding to Pakistan and China without naming them. Advertisement
