Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war, watchdog group says

News Snapshot:

Open this photo in gallery: A Ukrainian serviceman fires an NLAW anti-tank weapon during an exercise in the Joint Forces Operation, in the Donetsk region, eastern Ukraine, on Feb. 15, 2022.Vadim Ghirda/The Associated Press Many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment, a watchdog group said Monday, adding that labour shortages, soaring costs and supply chain disruptions had been exacerbated by Russia’s invasion of Ukraine. In its Top 100 of such firms, the Stockholm International Peace Research Institute, or SIPRI, said the arms revenue of the...