Asia Pacific

The Indian defense market offers numerous market opportunities to both domestic and foreign manufacturers. As one of the largest defense equipment markets in the world, the country is expected to spend considerably on its military over the forecast period. Due to India’s ageing military systems, the country needs to modernize its equipment, which will lead to an increase in capital expenditure for procuring new defense equipment. The country is also forecast to spend a significant amount of money on homeland security, intelligence and cyber security

The Missile Defense Agency has awarded a $925 million contract to Raytheon for continued development of the Standard Missile-3 Block IIA missile, which is a co-development effort between the U.S. and Japan. The company said in a statement the SM-3 IIA is on track for deployment in 2018. This advanced missile is one of several variants of the Standard...

Russian Helicopters is adding to its global presence, most recently by opening up an office in Vietnam, in anticipation to benefit from the booming growth in Vietnam and gaining access to broader markets in Southeast Asia and as far as Australia

India needs to leverage its current and future defense aerospace purchases to create an indigenous high-technology aerospace industrial base that will underpin its national security and economic strength. For this to happen, the need for structural and regulatory reforms of this sector cannot be exaggerated.

Other Regional Defense Updates: Afghanistan | Australia | Brunei | Bangladesh | China | India | Indonesia | Japan | Malaysia | Myanmar | North Korea | Pakistan | Philippines | Singapore | South Korea | Sri-Lanka | Taiwan | Thailand | Vietnam.