Defence Finance Monitor - Analysis

Defence Finance Monitor - Analysis

Production Is Deterrence

Industrial Capacity and the New Material Foundations of Conventional Credibility

May 12, 2026
∙ Paid

The credibility of conventional deterrence is no longer determined only by deployed forces, technological superiority or the quality of weapons available at the opening of a crisis. The war in Ukraine, the debate over a possible Taiwan contingency, depleted inventories, long missile-production timelines and the renewed European focus on ammunition, miss…

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