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Fortune
Fortune
Ryan Hogg

European missile maker with $42 billion order book faces major rearmament obstacle: The Alps

An armoured vehicle and an Aster missile from MDBA in PARIS, FRANCE on 07 June 2024. At the French Ministry of Defense during signature of contracts between KNDS and Ukraine. (Credit: RAPHAEL GOTHEIL/Hans Lucas—AFP via Getty Images)

The Pan-European arms-making giant behind the Storm Shadow missiles used in Ukraine is struggling to adapt its complex operations to a freshly stockpiled order book, providing a wake-up call for Europe as it enters a new era of rearmament.

MBDA, a producer of complex Aster missiles, has enjoyed booming demand as countries seek to stock up their air defenses amid rising geopolitical tensions. The group has doubled its order book since Russia’s invasion of Ukraine to €37 billion ($42 billion).

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