Global arms industry getting shakeup by war in Ukraine – and China and US look like winners from Russia’s stumbles
- Written by Terrence Guay, Clinical Professor of International Business and Director, Center for Global Business Studies, Penn State
Russia is losing tanks at an astonishing rate.AP Photo/Emilio MorenattiRussia’s war in Ukraine is upending the global arms industry.
As the U.S. 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...