Wednesday, March 6, 2013

Brazilian defence market in 2012 will reach $35.88bn

Over the past decade, Brazil has become one of the largest emerging economic powers in the world, leading to ambitious investment and modernisation plans being developed for the Brazilian armed forces. In order to counter threats to the country's borders and its large scale land and sea natural resources, alongside the need to increase security preparations for major international events, Brazil has continued to invest in upgrading its full range of military capabilities. In addition, a desire to grow a strong defence industry in order to boost the economy's export output and to demonstrate its geo-political power has fuelled such spending, despite concerns over the inherent restrictions of an emerging market and a recent slowdown in Brazil's overall economic output. has therefore determined that the value of the Brazilian defence market in 2012 will reach $35.88bn.

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