How will Latin America's defence spending boom stimulate armoured vehicle procurement?




Latin American countries are expected to continue individual drives to modernise their armed forces over the coming years, with the air force, navy, and other electronic and cyber warfare capabilities prioritised. The demand for armoured vehicles in the region will witness a slight increase, but Latin America will account for just 4.7 per cent of the global armoured vehicles market into next year. The region is experiencing a new defence spending boom thanks to a combined growth in economic...
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