New Defense market report from Business Monitor International: "United States Defence & Security Report Q1 2014"
Boston, MA -- (SBWIRE) -- 01/27/2014 -- BMI's United States defence and security report examines the posture of the US armed forces, defence political decision making, the country's military industries and the US defence community in general. One of the major challenges currently facing the US relates to its defence budget. Defence spending in the United States is under severe pressure from the US Congress. Over 13 years of uninterrupted conflict in Afghanistan, coupled with prolonged military operations in Iraq, and shorter expeditionary campaigns in Libya, plus other worldwide US military obligations have resulted in the high levels of defence spending witnessed by the Pentagon today. In addition, these spending increases have occurred during a period of unprecedented financial pressure in the United States which has resulted in a severe contraction of consumer spending triggered by the financial crisis and the corresponding need for the government to reduce its spending levels.
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At the strategic level, the apparent thaw in relations between Iran and the international community took an important step forward in Q414 with the international body of nations which includes the European Union, US, China and Russia concluding a deal with Iran which will allow for inspections of its nuclear facilities in exchange for its suspension of the enrichment of uranium. The deal will also allow for a monitoring of several of Iran's nuclear facilities. In exchange, Iran will see a number of sanctions lifted. Several Gulf Arab states and Israel expressed their opposition to the deal amid fears that the agreement does not go far enough in slowing the programme, stating that the only acceptable deal can be a verifiable complete end to Iran's nuclear programme.
Furthermore, rather than pursue military options in the face of widespread opposition in the US Congress and within the US population writ large, the Obama administration took the decision to endorse and support a Russian proposal that the Syrian regime hand over its chemical weapons to international supervision under the authority of the Organisation for the Prohibition of Chemical Weapons (OPCW) for their destruction. As part of this Russian-brokered proposal Syrian chemical weapon production and stockpile facilities, and delivery systems are being catalogued and collected by the OPCW for their eventual destruction in Russia. This process is expected to be completed by mid-2014.
During Q413, the United States made a number of important defence materiel acquisitions. These included the acquisition of:
- Six Fast Response Cutters for the US Coast Guard for delivery by 2016.
- The acquisition of 20 'Freedom' class fast response boats for the US Coast Guard.
- New Mid-Tier Networking Vehicular Radios for the US Army, of which 232 will be delivered.
- The purchase of MH-47G Chinook heavylift helicopters from Boeing for the US Army.
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