Qatar has become the new darling of the defense contractors after announcing plans to spend 87 billion riyals ($23 billion) on new equipment for its armed forces. The deal is the largest to emerge from the gas-rich Persian Gulf state yet, and the spending is likely to continue. The plans—revealed on the last day of the Dimdex defense show in Doha on March 27, much to the surprise of industry officials in attendance—read like the fulfillment of a wish list of new capabilities ...

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