(MENAFNEditorial)
BMI expects Italy to spend up to USD26.8bn on defence in 2015. The level of defence spending has fluctuated in recent years reflecting Italy's current financial situation with the government attempting to reduce public expenditure. While defence spending in absolute terms is increasing we forecast defence expenditure to remain stable at 1.4% of GDP over the remainder of our forecast period until 2018.
Italy's defence industry association is expected to undertake a more proactive role in promoting the country's defence exports following the appointment in September 2014 of Guido Crosetto a former undersecretary of defence in the Italian government to the post of chairman of the association. Crosetto was acknowledged to have worked particularly hard to promote Italian defence exports during his time in government.
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Italy is still evaluating the AgustaWestland AW149 medium-lift utility helicopter. The rotorcraft is being evaluated as a possible platform to perform troop transport and search and rescue. Meanwhile Alenia Aermacchi selected the Williams International FJ44-4M turbofan to power the M-345 trainer in early October 2014. Flight tests of the M-345 with the new engine are expected to commence in March 2015.
As of early October 2014 Boeing CH-47F Chinook heavylift helicopters are being delivered to the Italian Army. The aircraft are being constructed under licence from Boeing by AgustaWestland.
As of late October 2014 the navy has finalised the design of a new class of offshore patrol vessel to replace a number of surface combatants in the fleet. Production contracts for the new ships could be signed by the end of 2014 with the launch to commence in early 2017.
We have given Italy an overall security risk index of 80 for Q115. We believe that Italy faces a low risk from becoming involved in a major interstate conflict; however we do believe that it has a slightly elevated risk of experiencing a major terrorist attack and continues to face a...
The Italy Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security the defence industry military expenditure employment in arms production and arms imports and exports as well as examining industry trends and prospects national and multinational arms producers and the regulatory environment.
BMI's Italy Defence & Security Report provides professionals consultancies government departments regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Italian defence and security industry.
Key Benefits
* Benchmark BMI's independent defence and security industry forecasts on Italy to test other views - a key input for successful budgetary and strategic business planning in the Italian defence and security market.
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Coverage
Global and Regional Political Outlooks
A strategic overview of the world's major political risks identifying countries facing leadership successions and nations at risk of upheaval inter-state conflict or separatism and insurgencies plus a summary of the world's 'wild card' low-probability high-impact risks.
SWOT Analysis
Snapshot evaluation of the major issues affecting the defence and security sectors economy and politics with issues subdivided into 'Strengths' 'Weaknesses' 'Opportunities' and 'Threats'.
Political Risk Assessment
Drawing on BMI's heritage of more than 25 years of Country Risk analysis this comprehensively evaluates the key risks to domestic politics and foreign relations focusing on issues most likely to affect either domestic security or the defence sector.
Security Risk Analysis
BMI's proprietary Security Risk Rankings provide a reliable - and country comparable - guide to conflict terrorism and criminal risk backed up by our analyst's latest assessment of each component. Furthermore drawing on our country risk expertise we assess the state's vulnerability to a serious - or prolonged - terrorist campaign.
Armed Forces Spending/Expenditure
The reports contain a detailed breakdown of areas of expenditure by the armed forces these include spending on international deployments WMDs and missile defence systems as well as individual breakdowns of the cost-per-soldier.
Domestic Security Overview
The domestic security overview lists the various potential internal security threats facing a country ranging from internal security issues such as terrorism cyber terrorism crime and drugs to external security issues including general defence procedures and potential threats from specific countries.
BMI Industry Forecast Scenario
Historic data series and forecasts to end-2018 for key industry indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast.
Budgets & Expenditure: Defence expenditure (local currency and US$bn); defence expenditure (% of total budget); defence expenditure (% of GDP); defence expenditure per capita US$; defence budget (local currency and US$bn).
Employment: Employment in arms production (`000s); employment in arms production (% of labour force).
Macroeconomic: BMI's forecasts and analysis of all headline macroeconomic indicators including real GDP growth inflation fiscal balance trade balance current account and external debt.
Company Profiles
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