Will Declining Oil Prices Curtail Middle East Defense Spending?

Credit: Tony Osborne/AW&ST
Over the last decade, defense spending in the Middle East has been buoyed by record high oil prices. The Gulf Cooperation Council (GCC) nations have undergone a multi-billion-dollar program of modernization and rearmament, equipping themselves with some of the best Western and Russian equipment...
Tony Osborne

Based in London, Tony covers European defense programs. Prior to joining Aviation Week in November 2012, Tony was at Shephard Media Group where he was deputy editor for Rotorhub and Defence Helicopter magazines.

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