The ongoing conflict in Ukraine is reshaping the global defense landscape, with several companies experiencing significant growth as a direct result. From arms manufacturers to satellite providers, the demand for military technology and alternative communication systems is surging.
Rheinmetall's Rise
German arms manufacturer Rheinmetall is a prime example of this trend. The company is benefiting from the increased demand for advanced military equipment driven by the war and rising concerns among NATO states. This surge in demand has led to substantial growth for Rheinmetall, solidifying its position as a key player in the defense industry.
Analysts predict continued growth for Rheinmetall as the conflict persists and NATO members continue to bolster their defenses. The company's diverse portfolio of military technology positions it well to capitalize on this increased demand.
Thales Expands in Northern Ireland
French-owned arms company Thales is also expanding its operations in response to the war. The company is set to open a third facility in Northern Ireland following a €2 billion order for Ukraine missiles. Thales already operates a factory in east Belfast and a test facility in Co Down, making Northern Ireland a strategic hub for its operations.
“This expansion demonstrates the crucial role Northern Ireland plays in supporting global defense efforts,” said a company spokesperson. The new facility will further enhance Thales' capacity to meet the growing demand for its missile technology.
Eutelsat Benefits from Starlink Uncertainty
The conflict has also impacted the satellite communications sector. Eutelsat, a French competitor to Elon Musk's Starlink, has seen its shares triple in value amid concerns that Ukraine's access to Starlink could soon face disruption. This surge occurred after the halt of U.S. aid under the Trump administration, raising questions about the reliability of satellite internet access in the region.
While it remains uncertain whether Starlink access will actually be disrupted, the market's reaction underscores the importance of alternative satellite solutions in conflict zones. Eutelsat's increased value reflects a growing demand for reliable and secure communication channels in Ukraine.
Ukraine Diversifies Trade
Beyond the defense sector, Ukraine is also actively diversifying its trade relationships. In January 2025, the country significantly increased its non-oil imports from Azerbaijan, marking an important development in bilateral trade relations. This move reflects Ukraine’s strategic effort to reduce dependency on traditional trading partners and strengthen economic ties with new allies.
Experts suggest that this increase in non-oil goods imports could pave the way for enhanced cooperation between Ukraine and Azerbaijan, further solidifying their economic partnership. This diversification is crucial for Ukraine as it navigates the challenges posed by the ongoing conflict.
In conclusion, the war in Ukraine is having a profound impact on various industries, from defense manufacturing to satellite communications and international trade. Companies that can adapt to the changing landscape and provide essential services and technologies are poised for growth and success.