BATTLE TANKS: Analysts at consultancy Forecast International expect the international market to produce over 6,900 main battle tanks, worth nearly $27.9 billion, through 2017. Last year, the Chinese Type 98 program maintained its position as the single largest new-production program, they said. But with a total value of $402.62 million (for 118 new-production tanks), Type 98 was worth less than 33 percent of what the U.S. Defense Department spent on the M1 Abrams in 2007.
ACCESS THIS PREMIUM CONTENT
"World to make almost 7,000 main battle tanks for $28B by 2017, forecast says" is Premium Content. Subscribing will provide full access to this article as well as the opportunity to access:
-- Critical intelligence on the global aviation, aerospace & defense industries
-- Consolidated, comprehensive coverage of the programs and technologies shaping the industry
-- And much more…