Nuclear missiles, bombs market to surge 73% by 2030-report

Published by
Reuters

(Reuters) – The global market for nuclear missiles and bombs should surpass $126 billion within ten years, up nearly 73% from 2020 levels, according to a report by Allied Market Research on Monday, as Russian aggression in Ukraine spurs military spending. The value of the market would jump 72.6% from the Portland-based research firm’s estimate of nearly $73 billion in 2020, when COVID-19 delays and reallocation of funds to support the health crisis “severely affected” the defence sector. An increase in geopolitical conflicts and bigger military budgets would likely push the figure up at an ann…

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