‘Business is very good, unfortunately’: Arms fair spotlights bonanza year ahead for weapons companies

In this article IEX+0.84 (+0.37%) The 16th edition of International Defence Exhibition and Conference and the seventh edition of the Naval Defence and Maritime Security Exhibition in Abu Dhabi, United Arab Emirates, on Feb. 21, 2023. The 16th edition of International Defence Exhibition and Conference and the seventh edition of the Naval Defence and Maritime Security Exhibition in Abu Dhabi, United Arab Emirates, on Feb. 21, 2023. Mohammed Zarandah | Anadolu Agency | Getty Images Few things illustrate the health of the arms industry like a massive defense fair. Over the last week, Abu Dhabi’s biennial international defense exhibition, known as IDEX, showcased a bustling sector. Decorated military personnel, government officials and weapons company executives mingled against the backdrop of giant missile and drone displays, while young men in terminator-like “smart armor” conducted battle simulations as fake explosions lit up massive LED screens. Sprawling across enough land for a small town and drawing some 130,000 visitors from 65 countries, this year’s IDEX was the largest and most well attended in years. It’s no secret why. Russia’s full-scale invasion of Ukraine one year ago jolted much of the industrialized world out of its comfortable status quo, in which a Western-led […]

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