BAE Systems has struck a deal with Poland to boost production of heavy artillery shells – days after Russian drones entered the country’s airspace.
The defence giant will establish a 155mm artillery ammunition manufacturing plant in Poland to help bolster its defences.
The shells have been in short supply and Poland is leading a European push to rearm in the face of Russian aggression.
Serious salvo: A howitzer fires 155mm calibre ammo during tests
BAE boss Charles Woodburn said: ‘This is not only important for Poland’s own national defence but will also help to enhance its contribution to securing Nato’s eastern flank.’
Work on building the factory in Poland will start later this year and could be completed as early as 2027.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
