Military production for navies up 50% in past two years, Naval Group says

🇫🇷 The Straits Times (FR) —
Military production for navies up 50% in past two years, Naval Group says

AI Summary

Naval Group says the value of military production for navies, including ships and submarines, has risen nearly 50% over the past two years. The company links the increase to Western governments responding to threats from Russia and instability in the Middle East.

PARIS, Nov 2 - Military production for navies, including ships and submarines, has surged nearly 50% in value over the past two years, France's Naval Group said on Monday, as Western governments respond to threats from Russia and instability in the Middle East.

World Security Conflict Markets Deals Shipping Naval Group naval production warships submarines defense industry Russia Middle East

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