Latin American Defence Procurement Pushing Ahead Despite Global Recession
"Latin American countries’ stocks currently comprise a lot of Cold War and even WWII-era platforms. Long overdue modernization drives are now being pushed by governments, and the global recession’s comparatively light touch on the region is helping them to do so.
...
End-users in Latin America are extremely price conscious, in many cases even preferring to buy second-hand platforms and domestically refurbish and upgrade them. There is an increase in the popularity of modular platforms, and demand for upgrade components and packages will remain high.
“Governments in these under-developed countries look favorably on defence procurements with clear domestic industrial and technological benefits,” concluded Ball. “In order to foment incentive, companies should enter the market via partnership with local companies or by establishing a domestic manufacturing base.”" via Defence Talk
Reader Comments