When Russia launched its invasion of Ukraine at the end of February, the stock prices of many of the world's biggest arms manufacturers spiked. However, most of the hardware being sent to Ukraine is coming from donor nations' existing inventories.
The Australian Defence Force's contribution so far has included six M777 towed howitzers and 20 Bushmaster four-wheel-drive armoured vehicles, tactical decoys, uncrewed aerial and uncrewed ground systems, rations and medical supplies.
The Javelins are sought-after because of their sophisticated tracking systems, which allow users to take cover immediately after firing, and their ability to hit targets from above. "That may be stuff that they have in storage … or it could be stuff that is actually frontline holdings," Dr Hellyer said.
"They will need new contracts with industry to backfill inventory, and keep supply going to Ukraine," he said."So, it's a bit of a race against time here, of whether the West will run out of weapons [by] supplying them to Ukraine, before it can get new ones."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why this restaurant manager quit his job to trade stocks full timeFor 29-year-old Dylan Weston, focusing on trading will help him use his portfolio gains to save for a home deposit.
Read more »
‘I instantly had regrets’: Why Papalii ditched NRL’s favourite mulletCanberra cult hero Josh Papalii has finally cut one of rugby league’s most famous mullets - his wife and mum aren’t happy. Watch the video here.
Read more »
Why the Coalition thinks it can win this NT seat for the first timeLingiari, which encompasses more than 99 per cent of the NT, has known only Labor’s Warren Snowdon as its representative since it was created. But the Coalition believes it’s now in play. auspol ausvotes
Read more »
Lost in translation: Why is Kriol so vital to Aboriginal people?Kriol interpreter services are used across Australia and often form a bridge between Indigenous communities and the wider population. Yet many people don't see the need.
Read more »
Why AMP could finally be ready to reboundMerlon’s Neil Margolis on why New Hope still offers value, his scepticism about IPOs and the extreme bullishness being priced into travel stocks.
Read more »
Why hospital case numbers no longer reflect the severity of COVID-19The latest phase of the pandemic has led to a rise in ‘incidental’ cases of the coronavirus in hospitals.
Read more »