Industry is hoping that Asian defense purchases will be reviving
Defense spending in Asia is slowly rebounding, but it is being driven by new political and economic realities that could alter traditional spending habits. Emerging factors impacting military procurement trends range from a growing awareness of the need to better integrate equipment, to concerns about ballistic missiles (see story on p. 72), to China's increasing economic and military force, say industry representatives. To a large extent, modernization plans are still modest and ...
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