March 31, 2024, 3:02 pm
Since 2022, demand on the global arms market has spiked, and the race has been on to secure contracts & market share.
Two weeks ago we looked at the collapse of Russia’s position in the market. Today, we tell the rest of the story, looking at the winners and losers so far – and emerging trends.
Patreon:
https://www.patreon.com/PerunAU
Caveats, Comments and Corrections:
At one point I refer to CSIS estimates on defence spending – they are in fact from an IISS publication
All normal caveats and disclaimers apply.
I would like to note as always that this material has been created for entertainment purposes and is not intended to be a complete or comprehensive examination of the topic in question and should not be relied upon to inform financial or other similar decisions, judgements or evaluations.
Please review the SIPRI methodology and consider viewing my previous video on Russian arms exports:
Readings and Sources:
Arms transfer data primarily sourced from the SIPRI Arms Transfer Database https://www.sipri.org/databases/armstransfers/sources-and-methods
Cover image from:
https://www.nationalreview.com/photos/poland-armed-forces-day-2023/
US FY 2023 Arms Transfers – US Department of State
https://www.state.gov/fiscal-year-2023-u-s-arms-transfers-and-defense-trade/
US DSCA – Poland JASSM Purchase
https://www.dsca.mil/press-media/major-arms-sales/poland-agm-158b-2-joint-air-surface-standoff-missile-extended-range
Featured Rheinmetall statements and reports
https://www.rheinmetall.com/en/media/news-watch/news/2024/02/2024-02-12-rheinmetall-builds-new-ammunition-factory-in-unterluess-ground-breaking-ceremony-with-chancellor-scholz
https://www.rheinmetall.com/en/media/news-watch/news/2024/03/2024-03-14-rheinmetall-financial-figures-2023
Reporting on Swiss policy
https://www.rferl.org/a/swiss-parliament-blocks-arms-exports-ukraine/32440097.html
https://www.dw.com/en/ukraine-updates-swiss-envoy-defends-ban-on-ammo-exports/a-65416234
https://www.reuters.com/world/europe/swiss-government-rejects-german-request-re-export-swiss-ammunition-ukraine-2022-11-03/
Increase in NATO defence spending
https://www.nato.int/cps/en/natohq/news_222664.htmIncrease in global defence spending
https://www.theguardian.com/world/2024/feb/13/global-defence-spending-rises-9-per-cent-to-record-22tn-dollars
Reporting on Indian S-400s
https://www.nationalreview.com/photos/poland-armed-forces-day-2023/
https://economictimes.indiatimes.com/news/defence/russia-aims-to-deliver-two-s-400-air-defence-units-by-2024-end-as-payment-woes-ease-up/articleshow/103072429.cms?from=mdr
https://timesofindia.indiatimes.com/india/putins-war-delays-delivery-of-second-s-400-squadron/articleshow/90867785.cms
Reporting on refinery strikes
https://www.bloomberg.com/news/articles/2024-03-13/russia-s-ryazan-refinery-is-on-fire-after-drone-attack-tass-says
Stockpiling
https://www.reuters.com/world/europe/germany-only-has-20000-high-explosive-artillery-shells-left-report-2023-06-19/
Reporting on contract losses
Northrop Grumman Eats $1.56 Billion Loss On First B-21 Bomber Lots
Featured image on Red Sea operations
https://www.reuters.com/world/middle-east/yemens-houthis-say-they-targeted-bulk-carrier-number-us-war-destroyers-red-sea-2024-03-09/
US interest in RoK shipbuilders
https://breakingdefense.com/2024/02/in-south-korea-del-toro-courts-major-shipbuilders-to-set-up-shop-in-us/
RoK Arms Deliveries
https://www.japantimes.co.jp/news/2023/09/16/asia-pacific/politics/south-korea-ukraine-weapons-factory/
https://www.janes.com/defence-news/news-detail/indian-army-orders-100-additional-k9-howitzers
Philippine Navy’s first 2,600-ton frigate delivered, sets sail for the Philippines
https://www.defensenews.com/global/europe/2024/02/09/poland-south-korea-wrangle-over-big-ticket-weapons-financing/
https://breakingdefense.com/2023/03/can-germanys-big-cats-resist-south-koreas-black-panther-invasion/
https://www.defensenews.com/air/2024/02/02/south-korea-to-start-mass-production-of-kf-21-fighter-jets/
Delivery of Italian built FREMM
First Italian-Built FREMM delivered to Egypt Reaches Alexandria
JF-17
https://www.airforce-technology.com/news/nigerian-air-force-inducts-three-jf-17-thunder-multirole-aircraft/
USN supplier bottlenecks (featuring mk48)
https://www.defensenews.com/naval/2024/02/06/supplier-bottlenecks-threaten-us-navy-effort-to-grow-arms-stockpiles/
Turkish Exports
https://www.defensenews.com/industry/2024/01/08/turkeys-defense-aerospace-exports-rose-by-25-last-year/
Timestamps
00:00:00 — Opening Words
00:01:00 — What Am I Talking About
00:01:38 — The Arms Trade Leaderboard
00:06:57 — The Market Shifts
00:07:58 — The USA
00:13:42 — Europe
00:20:28 — Other Rising Providers
00:33:46 — The Biggest Losers?
00:51:10 — The Forward Trajectory
01:01:56 — Brakes On Sales Volumes
01:04:56 — Channel Update
Content Creator – Perun
