Poland wants to invest about $700 million in ammunition production
According to the new draft law, Poland may invest about $750 million to increase the production of ammunition in case of war with Russia.
Here's What We Know
According to reports, the government plans to adopt the draft law in the fourth quarter of 2024. The document refers to an increase in the production of large-calibre shells, which are needed to strengthen the Polish army.
"The draft law aims to create opportunities for financing measures to increase ammunition production capacity," the bill states.
Increasing the production of ammunition at Polish enterprises should guarantee sufficient stocks to defend Poland in the event of possible Russian aggression.
In early October, the Polish group of companies WB Group signed an executive agreement with the Korean company Hanwha Aerospace to establish a joint venture to produce missiles in Poland.
Implementation of the agreement will allow Poland to gain partial autonomy in providing the army with missiles and artillery ammunition.
It has not yet been determined whether the plant will be entirely focused on supplying ammunition to the Polish army or will also manufacture products for export. Initially, it is planned to produce surface-to-surface missiles, probably for the K239 Chunmoo launchers, which are called Homar-K in the Polish modification.
