Latin American Defence Procurement Pushing Ahead Despite Global Recession, Says Frost & Sullivan

Latin American Defence Procurement Pushing Ahead Despite Global Recession, Says Frost & Sullivan PR Newswire BUENOS AIRES, Argentina, June 25, 2012 - Acute modernisation needs to drive defence markets in Brazil, Chile, Colombia and Peru BUENOS AIRES, Argentina, June 25, 2012 /PRNewswire/ -- Brazil continues to lead the way in Latin American defence expenditure. Upcoming and ongoing programmes means that Brazilian budgets over the next decade will be higher than those of the next five biggest Latin American spenders combined. Overall budgets can be deceptive though, as new procurements are limited by high personnel and maintenance requirements. New analysis from Frost & Sullivan (http://www.aerospace.frost.com), Revenue Opportunities and Stakeholder Mapping in the Latin American Defence Market, estimates that the cumulative defence expenditure on new equipment procurement in Brazil, Chile, Colombia, and Peru will amount to $69.1 billion between 2011 and 2020. The majority of these procurements will be in Brazil. If you are interested in more information on this study, please send an e-mail to Francesca Valente, Corporate Communications, at francesca.valente@frost.com with your full name, company name, title, telephone number, company email address, company Web site, city, state and country.