ammunition exports

Serbia’s Defence Industry Targets 20–30% Export Growth

Serbia’s defence industry expects exports of weapons and military equipment to increase by 20–30% over the next two years, as manufacturers assess production capacity, investment requirements and access to export markets. The Defence Ministry said annual exports of domestically manufactured weapons and military equipment had reached approximately five times their 2012 level, reflecting investment in production facilities, modernization and international market development. It did not disclose the value of confirmed contracts supporting the latest projection. Manufacturers and production capacity Serbia’s…