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Investors shun arms trade like it is ************, says head of Army

The arms trade is shunned by investors who view it like gambling or ************, the head of the Army has said.

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, Chief of the General Staff, has called for increased funding for the ***
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to enable the Army to become a more lethal force amid the growing
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.

The former SAS officer said he wanted to replicate “Ukrainian levels of lethality” on the battlefield and warned that “what the

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face today, we may well face tomorrow”.

At an armoured vehicles conference on Wednesday, Gen Sir Roland claimed the *** defence industry “sees little” investment and that “too often that spend goes on overseas companies”.

“We must have capital flowing into defence as a sector,” he said. “We as a sector, as a collective, can play our part in advocating for the moral case of defence investment.

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standards view defence investments in the same company as
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, tobacco and
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.

“Indeed, according to a Barclays report, of the top 10 sectors finding themselves excluded from sustainable funds, four are defence related – weapons, small arms, military contracting and

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.

“This is not the result of any deliberate decision or regulation, but it is an incremental and an implied interpretation by those who score these funds as a result of their perception of wider societal acceptance.

“In my view, sustainability is as much a question of

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as it is environmental or social preservation.”

He added that “investing in defence and working and contributing to it, is not only profitable, it’s ethical”.

Gen Sir Roland, an

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who survived a
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assassination attempt, replaced
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as the Army chief last year.

He has pledged to rapidly

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– which was cut to its smallest size since the
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– to double its ability to kill the enemy by 2027 and triple it by the end of the decade.

However, his latest comments, which he made at the International Armoured Vehicles conference in Farnborough, come amid uncertainty about the future of

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.

Labour says it aims to increase defence spending to

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after the completion of the sector-wide
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but industry figures fear the review could be delayed into the autumn.

Warning of the growing Russian threat, Gen Sir Roland claimed

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had decided to invade Ukraine in 2022 because he was confident at the time that he had “military advantage over the West”.

He said the

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was now using its soldiers, as well as fresh
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, as a “consumable and attritable resource” on the battlefield.

‘Threat is evolving’

“The threat is evolving, as is the changing character of warfare,” he said. “The confluence of vast increases of data and computer capacity coupled with this rapid commoditisation of componentry is changing the battlefield and business.

“The era of the consumable platform is here and it needs to be our focus. Putin’s options may well be narrowing, and are narrowing further. Attrition is his problem, time is ours.”

Gen Sir Roland said that

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, whom he described as being at the “coal face”, were transitioning “from being a strategic trip wire into being a regional strike capability”.

He added that the

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in its data systems which he said translated to “raw lethality”.

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#Investors #shun #arms #trade #************ #Army

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