Four companies of the Polish Armaments Group (PGZ) will receive 2.4 billion zlotys ($664.80 million) in financing from the state assets ministry for a project to build three ammunition factories, the ministry said on Wednesday.
Poland is leading a European push to boost its defence readiness to deter any possible attack from Russia and to be less dependent for security on the United States.
The ammunition factories will include the manufacture of 155 mm artillery shells, demand for which has soared since Russia’s full-scale invasion of Ukraine, and as European stocks have declined due to additional supply of shells to Kyiv.
Russia’s invasion of Ukraine, launched in February 2022, has heightened security concerns among neighbouring countries, prompting increased defence measures. The conflict has unsettled the region, leading nations like Finland and Sweden to seek NATO membership.
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“Our goal is to scale up as soon as possible domestic production of this kind of ammunition which is key on the modern battlefield,” State Assets Minister Jakub Jaworowski was quoted as saying in a statement.