(MENAFNEditorial)
Canadian defence spending has been steadily increasing as the country has sought to address concerns over maritime sovereignty and the protection of natural resources. However cost saving measures are being considered and in some cases implemented so that the long term goals are met. T he reduction in short term defence spending could cause delay s for certain much-needed procurements to bring the country in line with its NATO peers' spending in anticipation of deployments to counter ISIS movements .
Current plans are to upgrade enhance and to extend the life of their current military technology. The CF-18 jet-fighters will now have upgrades to extend their life. This is due to a firm decision still not being made as to whether Canada will procure the 65 F-35 Lightning-II war planes in line with the Joint Strike Programme. However with the US currently considering cuts in their defence spending this has caused speculation that the contract for Canada's new fighter will not go to Lockheed-Martin but be placed up for auction. With no decision made the outcome of what will replace the ageing CF-18's will most likely not be made until after the general election later in 2015.
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The involvement in another overseas conflict has caused Canada to reconsider their defence budget and thus delay the procurement plans yet again in an effort to save costs. In the short term this means that the enhancements of the 'Halifax' class frigates will continue as planned but the replacement of their CF-18 Jet-fighters has been put on hold. The need for weapons is still an issue being discussed within the Canadian government however with pressure from the United States and the United Kingdom to help engage Islamic State (IS) targets this could push forward the procurement of these weapons.
With the RCAF's announced requirements for a new air-to-air missile to replace its existing AIM-9M Sidewinder weapons these have proceedings are under review due to involvement...
The Canada Defence & Security Report features BMI Research'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.
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Global and Regional Political Outlooks
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Snapshot evaluation of the major issues affecting the defence and security sectors economy and politics with issues subdivided into strengths weaknesses opportunities and threats.
BMI Industry Forecast Scenario
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* Defence Expenditure: Defence expenditure (local currency and USDbn); defence expenditure (% of total budget); defence expenditure per capita (USD); defence budget (local currency and USDbn).
* Armed Forces (to 2012): Manpower available for military service manpower fit for militaryservice army personnel navy personnelair force personnel total armed forces (‘000) (% population).
* Arms Trade: Arms and ammunition exports and imports (USDmn); bombs grenades and missiles exports and imports (USDmn); revolver and pistol exports and imports (USDmn); weapons excluding guns and swords exports and imports (USDmn).
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 Indices provide investors with 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.
Competitive Landscape
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. The reports also provide a regional overview which details specific issues and flashpoints affecting the Americas along with potential risks in the coming year.
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