Despite Ukraine War Needs, Arms Sales Troubled by Production Woes

Many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment.

  • Labor shortages, soaring costs, and supply chain disruptions had been exacerbated by Russia’s invasion of Ukraine.

Of the 42 U.S. companies in the top 100 arms companies — accounting for 51% of total arms sales — feel by 7.9% in 2022.

  • That said, new contracts signed, notably for ammunition, could translate to higher revenue in 2023 and beyond.

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