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					        The Czech Defense Industry Market Opportunities and Entry
                Strategies, Analyses and Forecasts to 2016
London, May 28th, 2012 – The Czech defense expenditure declined at a CAGR of -3.88% during the
review period to US$2.41 billion in 2011. The country’s military expenditure is estimated to register
a CAGR of 1.33% during the forecast period, to value US$2.54 billion in 2016. Defense expenditure is
expected to be driven by factors such as international peacekeeping operations and counter-
terrorism amid budget cuts by the government. As a result of a decrease in overall defense
expenditure, the country’s defense budget as a percentage of GDP is also expected to decline from
1.1% in 2011 to 0.9% in 2016 (reference see graph below).


                                    2.9                                                                   15.0%

                                          13.6%
                                    2.8
                                                                                                          10.0%
     Defense expenditure (US$ bn)




                                    2.7
                                                                                                          5.0%




                                                                                                                   Growth rate (%)
                                                                     1.9%
                                    2.6
                                                                                                          0.0%
                                                     -3.6%
                                    2.5

                                                                                                          -5.0%
                                    2.4                                                           -3.5%
                                                                                  -10.0%

                                                                                                          -10.0%
                                    2.3

                                           2.9        2.8             2.8          2.5             2.4
                                    2.2                                                                   -15.0%
                                          2007       2008            2009          2010           2011

                                                  Def ense expenditure (US$ bn)      Growth rate (%)



Czech Republic is expected to invest US$12.29 billion in its armed forces, of which expenditure on
the acquisition of military hardware is forecast to be just US$1.77 billion, offering foreign OEMs
limited opportunities to cater to the Czech defense industry. Furthermore, with a defense budget of
US$2.4 billion, the Czech Republic invests a relatively small portion of its GDP towards defense in
comparison with other European countries such as the UK and France.

Incidents of malpractice within the country’s military industrial base may limit the growth of the
country’s defense sector. Recent cases of corruption and bribes in defense deals such as the Pandur
contract, leasing of Gripen fighters, and CASA aircraft deals prove the high corruption level in Czech
Republic. In addition to damaging the country’s image in the global arms market, it also discourages
foreign OEMs from market entry.

As a result of a lack of domestic defense capabilities, Czech Republic is dependent on foreign
suppliers to meet its military requirements. The country’s defense exports declined during the
review period, dropping to a mere US$11 million in 2011, due to limited categories for export such
as aircraft, armored vehicles and artillery.

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