"Spain Defence & Security Report 2016" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Mon May 09 2016

We expect the Spanish defence budget to grow in line with gradually improving economic conditions in coming years . H owever, we note that funding available for new procurement remains restricted, as the defence ministry' s debt on existing military programmes is substantial. This will also limit state investment into sector R&D - a challenge for Spanish defence manufacturers, as they face stiff competition from world-class Western European suppliers. That said, Spain's defence industry boasts technologically advanced capabilities in a variety of segments - particularly naval, aerospace and electronics - and is becoming increasingly integrated with Western Europe, through R&D programmes under organisations such as the EDA and OCCAR. The local sector is awarded the vast majority of Madrid's procurement cont racts; however, due to limited opportunities for domestic sales, it is becoming increasingly export-focused.

Full Report Details at
- http://www.fastmr.com/prod/1170517_spain_defence_security_report.aspx?afid=301

Latest Updates

According to the Spanish Ministry of Economy, Spanish defence exports were up 25% y-o-y in value terms in H115 to USD1.9bn. A third of the total was exported to NATO/EU members.

In February 2016 media reported that Spain's Navantia was set to receive a USD3.3bn contract from Saudi Arabia for the delivery of five corvettes. In March 2015, Navantia entered a shipbuilding collaboration agreement with Colombian COTECMAR.

In 2015, Indra reported losses of USD610mn in the year-to-November, and announced plans to lay off up to 1,400 staff.

An Airbus Defence & Space A400M transport aircraft crashed in Seville in May 2015 during its maiden flight due to engine-linked software issues, leading to a temporary halt in A400M flights. Production of the model has faced severe delays.

Expal announced in December 2015 that it would reopen and expand an ammunition factory in Asturias, which has been closed for nine years.

In September 2015, the Spanish government approved a takeover, by Malaga Electronic Systems Holding, of Raytheon's Spanish subsidiary.

Spain has joined Germany, Italy, the Netherlands and Portugal on a European Defence Agency (EDA) project to develop lightweight armoured multipurpose vehicles, using new lightweight materials.

The European Organisation for Joint Armament Cooperation (OCCAR) reported in July 2015 that it had signed a contract on behalf of Spain, Germany and France with Airbus Helicopters on the development of a new version of the Tiger attack helicopter.

Spain has joined France, Germany and Italy on a programme - started in May 2015 - to develop a European medium altitude long endurance remotely piloted aircraft system (MALE RPAS).

Spain-based Indra, Sapa and Santa Barbara Sistemas have formed a temporary joint venture (JV) to carry out R&D work on the future Piranha 5 8x8 armoured fighting vehicle, ordered by the Spanish army.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Pakistan Defence & Security Report 2016
- Hungary Defence & Security Report 2016
- Kuwait Defence & Security Report 2016
- Czech Republic Defence & Security Report 2016
- Serbia Defence & Security Report 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »