Frost & Sullivan: Modernization Programs Buoy Defence Industries across the World
Aug 20, 2014 UncategorizedComments Off on Frost & Sullivan: Modernization Programs Buoy Defence Industries across the World
– Collaborative initiatives relating to technology transfers to aid both defence and civil industries
LONDON, Aug. 20, 2014 /PRNewswire/ — Rapidly evolving markets will continually invest in their military spending and only due to challenging implementation of ambitious modernisation and indigenization programmes the expenditures will increase at a low pace and volume. Despite varying agendas, there will be a sharp increase in their military spending over the next 10 years. The financial slowdown and transitioning markets notwithstanding, the defence budgets will continue to be high due to armed forced reorganization, rising threat perceptions, territorial disputes, and porous borders.
Recent analysis from Frost & Sullivan of the defence budgets of 10 selected countries