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Ukraine War Spurs Arms Makers to Boost Production

European makers of lower-tech systems and munitions, such as mortars and rounds, are pushing to increase capacity

Rheinmetall, one of Europe’s biggest weapons and munitions makers, displayed its wares at an exhibition in Paris earlier this year. Photo: Kiran Ridley/Getty Images

The world’s biggest arms makers are scaling up production of rocket launchers, tanks and ammunition as the industry shifts to meet what executives expect to be sustained demand triggered by the war in Ukraine.

The ramp-up is playing out in large measure in Europe, where a handful of long-established arms makers have grown accustomed to more modest, peacetime demand for their wares and are now trying to increase capacity to meet an expected crush of orders. Shares of many of these lesser-known international arms players, including Germany’s Rheinmetall AG and Sweden’s Saab AB, have soared on hopes of big orders.

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