While Ukraine burns, the world's defence giants are quietly making billions from the war
The conflict has already seen massive growth in defence spending.
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The conflict has already seen massive growth in defence spending.
By Peter Bloom, Professor of Management, University of Essex – The Russian invasion of Ukraine has been widely condemned for its unjustified aggression. There are legitimate fears of a revived Russian empire and even a new world war. Less discussed is the almost half-trillion dollars (£381 billion) defense industry supplying the weapons to both sides, and the substantial profits it will make as a result.
Many defence contractors have seen their share prices soar since the war began.
Many defence contractors have seen their share prices soar since the war began.
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