Argentina’s current defense budgetary constraints are primarily the result of the Falkland dispute with the UK, along with various debt defaults of over US$81 billion. However, the country has recently enabled modernization plans and new procurements of military weapons and equipment. The country is also expected to restructure its defense budget with major changes being witnessed in salaries and weapons procurement allocations. Argentine defense expenditure stands at US$4.1 billion in 2013, recording a CAGR of 15.37% for the review period. This significant growth was primarily driven by modernization plans, new procurement of military equipment, and contribution towards international peacekeeping missions. In 2014 the defense budget is estimated to be US$4.7 billion and is expected to register a CAGR of 15.50% during the forecast period to reach US$8.3 billion by 2018.
Uniquely positioned to provide compelling, actionable market intelligence thanks to its rigorous research methodology – which combines secondary research from a wide variety of sources with hundreds of primary interviews with key industry participants and commentators – Strategic Defence Intelligence is able to combine research on general industry drivers and trends with experts’ attitudes and behaviors, making ‘Future of the Argentine Defence Industry’ required reading for those serious about reacting to market trends and capitalizing on opportunities in the global cyber security sector.
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