2012-11-12 12:24:16 - New Defense market report from Business Monitor International: "Argentina Defence & Security Report 2013"

President Cristina Fernandez de Kirchner will probably regard her landslide victory in Argentina's October 2011 elections as an expression of approval for her handling of economic policy rather than as an occasion to implement the structural reforms needed to reverse macroeconomic imbalances that BMI sees increasingly fostering internal security weaknesses.

Fernandez's electoral success is largely due to her administration's track record of strong economic growth, rising living standards for the poor and low unemployment, measures achieved through expansionary fiscal policies at the expense of inflation. Protests across Argentina in early September 2012 do indicate a degree of popular dissatisfaction with persistently high inflation, strict currency controls, and the Fernandez presidency in general. This combination of factors represents a significant internal security

threat for Argentina, which is arguably more substantive than the country's tense relationship with the UK over ownership the Falkland Islands.


Full Report Details at
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Political tensions have again arisen between the UK and Argentina over control of the British Overseas Territory of the Falkland Islands in the first half of 2012. The most recent ructions have been caused by the confluence of the approaching 30th anniversary of the Falklands War; the posting of second-in-line to the British throne Prince William to the islands as a helicopter pilot; and continued drilling for oil off the coast of the Falklands under UK exploration licences. There could yet be a further increase in tensions as well as additional attempts by Argentina to rally Latin American support for their claim, although at this point a return to hostilities is unlikely.

In procurement developments, the government signed agreements regarding the production of radar and avionics for a number of aircraft in September 2012. Agreements were signed between FAdeA, National Institute of Industrial Technology (INTI) and INVAP, in line with the government's bid to support and sustain domestic technological capacity in production. The government reiterated its support for developing the country's indigenous productive ability, arguing that Argentina's national defence could only be ensured by domestic production of military assets.

Argentina's defence spending is likely to expand by 6.95% to ARS16.2bn (US$3.53bn) in 2012, marking 0.71% of GDP (in local currency). Although BMI sees defence expenditure expanding to ARS34.48bn (US$4.69bn) by 2021, spending is not likely to keep abreast of economic growth.

Report Table of Contents:

SWOT Analysis
- Argentina Security SWOT
- Argentina Defence Industry SWOT
- Argentina Political SWOT
- Argentina Economic SWOT
- Argentina Business Environment SWOT
Global Political Outlook
Latin America Security Overview
- The Strategic Outlook For The 2010s
Political Overview
- Domestic Politics
- Long-Term Political Outlook
Security Risk Analysis
- BMI's Regional Security Ratings
- Table: Latin America Security Ratings
- Table: Latin America State Vulnerability To Terrorism Ratings
- Argentina Security Risk Rating
- City Terrorism Rating
- Table: BMI Americas City Terrorism Index
Argentina Security Overview
- Internal Security Situation
- Drugs Trafficking
- Military And Human Rights
- External Security Situation
- Table: Regional Insurgent Groups
- Argentina-Brazil Relations
- Argentina-Uruguay Relations
- Argentina-US Relations
- Argentina-Chile Relations
- Argentina-UK Relations
- Relations With Asia
Armed Forces And Government Spending
- Armed Forces
- International Deployments
- Table: Argentina's Foreign Deployments
- Weapons Of Mass Destruction
Market Overview
- Arms Trade Overview
Industry Trends And Developments
- Table: Key Players In Argentina's Defence Sector
- Procurement Trends And Developments
- Naval Developments
- Latest Developments
Industry Forecast Scenario
- Armed Forces
- Table: Argentina Military Personnel ('000, unless otherwise stated), 2001-2009
- Government Spending
- Table: Argentina Manpower Available For Military Services (aged 16-49, unless otherwise stated), 2010-2017
- Defence Trade
- Table: Argentina Defence Exports, 2010-2017 (US$mn),
- Table: Argentina Defence Imports, 2010-2017 (US$mn)
- Table: Argentina Defence Trade Balance, 2010-2017 (US$mn)
Macroeconomic Forecast
Company Profile
- Lockheed Martin Aircraft Argentina SA (LMAASA)
BMI Methodology
- How We Generate Our Industry Forecasts
- Defence Industry
- City Terrorism Rating
- Table: Methodology
- Sources

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