# 68k shells a month and $5 billion 😐
#Ukraine #Russia #US
Here's your summary from War in Ukraine spurs demand for US weapons (https://www.youtube.com/watch?v=qls7AmvBZIE) on the Bloomberg Television channel:
### TLDR:
The war in Ukraine has increased demand for US weapons, prompting the US to overhaul its aging production facilities to meet the growing international demand for artillery shells.
### Key Points:
1. The US is investing over $5 billion to upgrade production facilities in Scranton, Pennsylvania to increase artillery shell production.
2. Prior to the conflict in Ukraine, US production averaged less than a quarter of the current goal of 68,000 projectiles per month.
3. Securing funding from Congress for increased munitions manufacturing has been a major obstacle, with political fights delaying progress.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
# 68k shells a month and $5 billion 😐
#Ukraine #Russia #US
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