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![]() ![]() However, this pitch may no longer be effective for many countries that have seen Russian equipment losses and failures in Ukraine. Russia’s general sales pitch for its weapons has been they’re “cheaper and easier to maintain than Western alternatives.” This is why Russia accounted for 19% of the world’s arms exports from 2017 to 2021, second only to the U.S., which had 39% of the market. My research in this area suggests that, however this war eventually ends, the repercussions for the global defense industry, and for the countries whose companies dominate this sector, will be enormous. Countries that historically have had low levels of defense spending such as Japan and Germany are bulking up, while nations that purchase most of their weapons from Russia are questioning their reliability and future delivery. and its allies pour significant sums of money into arming Ukraine and Russia bleeds tanks and personnel, countries across the world are rethinking defense budgets, materiel needs and military relationships. Russia’s war in Ukraine is upending the global arms industry.Īs the U.S. ![]()
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