A new Howitzer ammo plant nearly doubles US production, but it's still not nearly enough to match Russia's output [Business Insider]
General Dynamics Corporation (GD)
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Source: Business Insider
But that pales to Russia's annual production estimates, which go up to 3 million to 4.5 million. The US has opened a new factory for Howitzer ammo near Dallas, which aims to pump out 30,000 of the 155mm shells a month as the Ukraine war chews through Western stocks. The factory, run by General Dynamics in Mesquite, Texas, was built from scratch in just 10 months with the help of technologies from Turkish arms manufacturer Repkon, The New York Times' John Ismay reported on Wednesday. Ismay noted that one of its production lines would be next to a Frito-Lays distribution center that appeared to be taking deliveries from Cheetos trucks. The Texas plant's monthly manufacturing goal of 30,000 shells falls under a new push by the US Army to make 100,000 rounds a month by 2025. Before the invasion of Ukraine, the US produced only 14,000 shells a month, but by the end of 2023, this had doubled to 28,000. According to Ismay, the most updated production figures show that 36,000 she
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- General Dynamics Co. (NYSE: GD) is now covered by analysts at BTIG Research. They set a "buy" rating and a $345.00 price target on the stock.MarketBeat
- General Dynamics Co. (NYSE: GD) is now covered by analysts at BTIG Research. They set a "buy" rating and a $345.00 price target on the stock.MarketBeat
- 3 Defense Stocks to Buy With $875 and Hold Forever [Yahoo! Finance]Yahoo! Finance
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