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Stock impact report

US Turns to Turkey for Explosives as War in Ukraine Saps Supply [BNN Bloomberg (Canada)]

General Dynamics Corporation (GD) 
Last general dynamics corporation earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.gd.com
Company Research Source: BNN Bloomberg
Turkish supplies of trinitrotoluene, known as TNT, and nitroguanidine, which is used as a propellant, would be crucial in the production of NATO-standard 155mm caliber ammunition — potentially tripling production, according to officials familiar with the discussions. Turkey is already on track to becoming the biggest seller of the artillery shells to the US as early as this year. Russia's two-year war in Ukraine has triggered a surge in global demand for ammunition, with Western allies pushing to supply Kyiv even as they replenish their own depleted stocks. The demand spike has led to a backlog in global orders and put a strain on defense supply chains, particularly on components such as TNT, the officials said on condition of anonymity. The dealmaking with Ankara also lays bare a delicate balance between the North Atlantic Treaty Organization allies, whose relations have been strained by Russia's invasion and Turkey's months-long blockade of Sweden's accession to the military al Show less Read more
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