The US Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017

Document Sample
The US Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017 Powered By Docstoc
					                                                 The US Defense Industry-Market
                                                Opportunities and Entry Strategies
                                                  Analyses and Forecasts to 2017




www.strategicdefenceintelligence.com                                           icdreports@progressivedigitalmedia.com

             John Carpenter House, 7 Carmelite Street, LondonEC4Y 0BS, United Kingdom, Tel: +44 (0)20 7936 6830
The US Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017



 TABLE OF CONTENTS

 1.   Introduction ......................................................................................................................... 14
   1.1. What is this Report About? ..........................................................................................................14
   1.2. Definitions .....................................................................................................................................14
   1.3. Summary Methodology .................................................................................................................16
   1.4. SDI Terrorism Index ......................................................................................................................17
   1.5. About Strategic Defence Intelligence (www.strategicdefenceintelligence.com) ......................17
 2.   Executive Summary ............................................................................................................ 18
 3.   Market Attractiveness and Emerging Opportunities ........................................................ 20
   3.1. Defense Market Size Historical and Forecast..............................................................................21
      3.1.1. US defense expenditure forecast to decline to US$611 billion by 2017................................................. 21
      3.1.2. Threat from North Korea and Iran, modernization initiatives, arms race with China and Russia, ongoing
      military operations, and protection of allies are expected to drive defense spending ......................................... 24
      3.1.3. Defense expenditure as a percentage of GDP projected to decline over the forecast period ................. 25
      3.1.4. Per capita defense spending forecast to decline over the forecast period ............................................. 27
   3.2. Analysis of Defense Budget Allocation .......................................................................................29
      3.2.1. US defense budget forecast to register a decelerated growth ............................................................... 29
      3.2.2. US defense base budget expected to increase to US$566.8 billion by 2017 ......................................... 29
      3.2.3. Revenue expenditure accounts for majority of defense expenditure ..................................................... 32
      3.2.4. Budget allocation for army and air force expected to decrease ............................................................. 34
      3.2.5. Revenue expenditure allocation for army expected to increase over the forecast period ....................... 36
      3.2.6. Naval defense budget expected to grow at a CAGR of 1.75% over forecast period .............................. 38
      3.2.7. US forecast to spend US$748.7 billion on its air force over the forecast period ..................................... 40
      3.2.8. Expenditure on other category of armed forces projected to grow at CAGR of 2.26% over the forecast
      period 42
   3.3. Homeland Security Market Size and Forecast ............................................................................44
      3.3.1. The US is projected to spend US$306.3 billion on homeland security over the forecast period ............. 44
      3.3.2. Homeland security market will record an increase in the demand for aviation and border security
      products .......................................................................................................................................................... 46
      3.3.3. The nation is at ―some risk‖ of terrorism ............................................................................................... 48
      3.3.4. The US has a terrorism index score of 0.1 ........................................................................................... 49



                                                                                                                                                                               2
 www.strategicdefenceintelligence.com                                                              icdreports@progressivedigitalmedia.com
The US Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017

   3.4. Benchmarking with Key Global Markets .....................................................................................50
      3.4.1. US will dominate global military spending over forecast period ............................................................. 50
      3.4.2. US defense budget is much higher than other leading spenders .......................................................... 52
      3.4.3. US defense expenditure as a percentage of GDP is third-highest in the world ...................................... 53
      3.4.4. US was largest global arms exporter during 2007–2011 ....................................................................... 54
      3.4.5. The US emerged as eleventh-largest global arms importer during 2008–2012 ..................................... 55
   3.5. Market Opportunities: Key Trends and Growth Stimulators ......................................................56
      3.5.1. Demand for communication systems is expected to increase ............................................................... 56
      3.5.2. Modernization of aviation forces will create demand for air defense systems ........................................ 59
      3.5.3. Demand for armored vehicles set to increase....................................................................................... 80
      3.5.4. Large investment in maritime defense equipment in 2013 .................................................................... 87
      3.5.5. Investment in missile defense systems expected to continue ............................................................... 95
      3.5.6. Inventories of munitions and missiles continue to increase ................................................................... 97

 4.   Defense Procurement Market Dynamics ........................................................................... 99
   4.1. Import Market Dynamics .............................................................................................................100
      4.1.1. US primarily imports defense equipment to build strategic relations.................................................... 100
      4.1.2. Defense imports registered steady growth during 2007–2011 ............................................................ 100
      4.1.3. UK supplies the majority of US defense imports ................................................................................. 101
      4.1.4. Aircraft account for majority of arms imports ...................................................................................... 102
   4.2. Export Market Dynamics ............................................................................................................103
      4.2.1. US arms exports are driven by political and economic factors ............................................................ 103
      4.2.2. Arms exports continued to increase in 2011 ....................................................................................... 104
      4.2.3. US has diverse export market ............................................................................................................ 105
      4.2.4. Aircraft are most exported defense good ............................................................................................ 106
      4.2.5. US maintains controlled defense export policy ................................................................................... 106

 5.   Industry Dynamics ............................................................................................................ 107
   5.1. Five Forces Analysis...................................................................................................................107
      5.1.1. Bargaining power of Supplier: Medium to low ..................................................................................... 108
      5.1.2. Bargaining power of Buyer: High........................................................................................................ 108
      5.1.3. Barrier to entry: Medium .................................................................................................................... 108
      5.1.4. Intensity of rivalry: Low to high ........................................................................................................... 108
      5.1.5. Threat of Substitution: Low to high ..................................................................................................... 109



                                                                                                                                                                 3
 www.strategicdefenceintelligence.com                                                      icdreports@progressivedigitalmedia.com
The US Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017

 6.   Market Entry Strategy ....................................................................................................... 110
   6.1. Market Regulation .......................................................................................................................110
      6.1.1. The US defense industry is open to FDI ............................................................................................. 110
      6.1.2. No offset policy exists in US............................................................................................................... 111
      6.1.3. US arms trade is heavily regulated..................................................................................................... 111
   6.2. Market Entry Route .....................................................................................................................112
      6.2.1. Foreign OEMs can enter into US defense market through acquisition route........................................ 112
      6.2.2. Joint product development provides more stable market entry possibility ........................................... 112
      6.2.3. Many foreign defense companies enter the market through the formation of partnerships with domestic
      defense firms................................................................................................................................................. 112
      6.2.4. Many foreign defense companies enter the market through the formation of partnerships with domestic
      defense firms................................................................................................................................................. 113
   6.3. Key Challenges ...........................................................................................................................114
      6.3.1. Decreasing economies of scale and defense inflation ........................................................................ 114
      6.3.2. Defense budget reductions result in project delays or cancellations.................................................... 114
      6.3.3. Declining profit margins deter growth of domestic defense companies ............................................... 115

 7.   Competitive Landscape and Strategic Insights .............................................................. 116
   7.1. Competitive Landscape Overview .............................................................................................116
   7.2. Domestic Public Companies ......................................................................................................116
      7.2.1. Lockheed Martin Corp.: overview ....................................................................................................... 116
      7.2.2. Lockheed Martin Corp.: products and services ................................................................................... 116
      7.2.3. Lockheed Martin Corp.: recent announcements and strategic initiatives ............................................. 126
      7.2.4. Lockheed Martin Corp.: alliances ....................................................................................................... 128
      7.2.5. Lockheed Martin Corp.: recent contract wins ...................................................................................... 129
      7.2.6. Lockheed Martin Corp.: financial analysis .......................................................................................... 131
      7.2.7. Raytheon: overview ........................................................................................................................... 133
      7.2.8. Raytheon: products and services ....................................................................................................... 133
      7.2.9. Raytheon: recent announcements and strategic initiatives ................................................................. 133
      7.2.10. Raytheon: alliances ........................................................................................................................... 135
      7.2.11. Raytheon: recent contract wins .......................................................................................................... 136
      7.2.12. Raytheon: financial analysis............................................................................................................... 138
      7.2.13. General Dynamics: overview ............................................................................................................. 140
      7.2.14. General Dynamics: products and services ......................................................................................... 140



                                                                                                                                                                           4
 www.strategicdefenceintelligence.com                                                           icdreports@progressivedigitalmedia.com
The US Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017
      7.2.15. General Dynamics: recent announcements and strategic initiatives .................................................... 141
      7.2.16. General Dynamics: alliances.............................................................................................................. 142
      7.2.17. General Dynamics: recent contract wins ............................................................................................ 143
      7.2.18. General Dynamics: financial analysis ................................................................................................. 145
      7.2.19. Boeing: overview ............................................................................................................................... 147
      7.2.20. Boeing: products and services ........................................................................................................... 147
      7.2.21. Boeing: recent announcements and strategic initiatives ..................................................................... 149
      7.2.22. Boeing: alliances ............................................................................................................................... 150
      7.2.23. Boeing: recent contract wins .............................................................................................................. 152
      7.2.24. Boeing: financial analysis................................................................................................................... 154
      7.2.25. L-3 Communications Corp.: overview................................................................................................. 156
      7.2.26. L-3 Communications Corp.: products and services............................................................................. 156
      7.2.27. L-3 Communications Corp.: recent announcements and strategic initiatives ....................................... 156
      7.2.28. L-3 Communications Corp.: alliances ................................................................................................. 157
      7.2.29. L-3 Communications Corp.: recent contract wins................................................................................ 158
      7.2.30. L-3 Communications Corp.: financial analysis .................................................................................... 161
      7.2.31. Northrop Grumman Corp.: overview................................................................................................... 163
      7.2.32. Northrop Grumman Corp.: products and services............................................................................... 163
      7.2.33. Northrop Grumman Corp.: recent contracts and strategic initiatives.................................................... 163
      7.2.34. Northrop Grumman Corporation: alliances ......................................................................................... 165
      7.2.35. Northrop Grumman Corp.: recent contract wins ................................................................................. 166
      7.2.36. Northrop Grumman Corp.: financial analysis ...................................................................................... 168
      7.2.37. Science Application International Corp. (SAIC): overview ................................................................... 170
      7.2.38. Science Application International Corp. (SAIC): products and services ............................................... 170
      7.2.39. Science Application International Corp. (SAIC): recent contracts and strategic initiatives .................... 170
      7.2.40. Science Application International Corp. (SAIC): alliances ................................................................... 171
      7.2.41. Science Application International Corp. (SAIC): recent contract wins.................................................. 172
      7.2.42. Science Application International Corp. (SAIC): financial analysis ...................................................... 174
      7.2.43. Honeywell International Inc.: overview ............................................................................................... 176
      7.2.44. Honeywell International Inc.: products and services ........................................................................... 176
      7.2.45. Honeywell International Inc.: recent announcements and strategic initiatives...................................... 176
      7.2.46. Honeywell International Inc.: alliances................................................................................................ 177
      7.2.47. Honeywell International Inc.: recent contract wins .............................................................................. 178



                                                                                                                                                                      5
 www.strategicdefenceintelligence.com                                                         icdreports@progressivedigitalmedia.com
The US Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017
      7.2.48. Honeywell International Inc.: financial analysis ................................................................................... 180
   7.3. Domestic Private Companies .....................................................................................................182
      7.3.1. Sikorsky Aircraft: overview ................................................................................................................. 182
      7.3.2. Sikorsky Aircraft: products and services ............................................................................................. 182
      7.3.3. Sikorsky Aircraft: recent announcements and strategic initiatives ....................................................... 182
      7.3.4. Sikorsky Aircraft: alliances ................................................................................................................. 183
      7.3.5. Sikorsky Aircraft: recent contract wins ................................................................................................ 185
      7.3.6. General Electric Aviation: overview .................................................................................................... 187
      7.3.7. General Electric Aviation: products and services ................................................................................ 187
      7.3.8. General Electric Aviation: recent contracts and strategic initiatives ..................................................... 188
      7.3.9. General Electric Aviation: alliances .................................................................................................... 188
      7.3.10. General Electric Aviation: recent contract wins ................................................................................... 189
      7.3.11. Bell Helicopter Textron, Inc.: overview ............................................................................................... 191
      7.3.12. Bell Helicopter Textron, Inc.: products and services ........................................................................... 191
      7.3.13. Bell Helicopter Textron, Inc.: recent announcements and strategic initiatives...................................... 191
      7.3.14. Bell Helicopter Textron, Inc.: alliances................................................................................................ 192
      7.3.15. Bell Helicopter Textron, Inc.: recent contract wins .............................................................................. 193
      7.3.16. Textron Marine and Land Systems: overview ..................................................................................... 194
      7.3.17. Textron Marine and Land Systems: products and services ................................................................. 194
      7.3.18. Textron Marine and Land Systems: recent announcements and strategic initiatives ........................... 194
      7.3.19. Textron Marine and Land Systems: alliances ..................................................................................... 195
      7.3.20. Textron Marine and Land Systems: recent contract wins .................................................................... 196

 8.   Business Environment and Country Risk ....................................................................... 197
   8.1. Demographics & Social Statistics ..............................................................................................197
      8.1.1. Population – Female .......................................................................................................................... 197
      8.1.2. Population - Male............................................................................................................................... 198
   8.2. Economic Performance ..............................................................................................................199
      8.2.1. Construction Output, Current Prices, US Dollars ................................................................................ 199
      8.2.2. Current Account Balance as Percentage of GDP ............................................................................... 200
      8.2.3. Exports of goods and services, current prices .................................................................................... 201
      8.2.4. Fiscal Balance as a percentage of GDP ............................................................................................. 202
      8.2.5. Foreign Direct Investment .................................................................................................................. 203




                                                                                                                                                                    6
 www.strategicdefenceintelligence.com                                                        icdreports@progressivedigitalmedia.com
The US Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017
      8.2.6. GDP at Purchasing Power Parity ....................................................................................................... 204
      8.2.7. GDP, Constant Prices (US$) .............................................................................................................. 205
      8.2.8. GDP, Current Prices (US$) ................................................................................................................ 206
      8.2.9. General Government Final Consumption Expenditure ........................................................................ 207
      8.2.10. Gross Fixed Capital Formation, Current Prices .................................................................................. 208
      8.2.11. Imports of goods and services ........................................................................................................... 209
      8.2.12. Interest rate (Lending) ....................................................................................................................... 210
      8.2.13. Manufacturing Output, Current Prices (US$ Billions) .......................................................................... 211
      8.2.14. Market cap of Stock Exchange (US$ mn) ........................................................................................... 212
      8.2.15. Wholesale Price Index ....................................................................................................................... 213
   8.3. Energy and Utilities .....................................................................................................................214
      8.3.1. Crude Oil Distillation Capacity ............................................................................................................ 214
      8.3.2. Electricity Installed Capacity .............................................................................................................. 215
      8.3.3. Hydroelectricity Installed Capacity...................................................................................................... 216
      8.3.4. Natural Gas Consumption.................................................................................................................. 217
      8.3.5. Natural Gas Imports........................................................................................................................... 218
      8.3.6. Net Conventional Thermal Electricity Generation ............................................................................... 219
      8.3.7. Net Geothermal, Solar, Wind, and Wood Electric Power Generation .................................................. 220
      8.3.8. Net Hydroelectric Power Generation .................................................................................................. 221
      8.3.9. Petroleum, Consumption ................................................................................................................... 222
      8.3.10. Petroleum, Production ....................................................................................................................... 223
   8.4. Minerals .......................................................................................................................................224
      8.4.1. Coal Consumption ............................................................................................................................. 224
      8.4.2. Coal Production ................................................................................................................................. 225
   8.5. Social & Political Risk .................................................................................................................226
      8.5.1. Political Stability Index ....................................................................................................................... 226
   8.6. Technology ..................................................................................................................................227
      8.6.1. Fixed Broadband Internet Subscribers ............................................................................................... 227
      8.6.2. Patents Granted ................................................................................................................................ 228
      8.6.3. Software Patents ............................................................................................................................... 229




                                                                                                                                                                     7
 www.strategicdefenceintelligence.com                                                        icdreports@progressivedigitalmedia.com
The US Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017

 9.   Appendix ............................................................................................................................ 230
   9.1. Contact Us ...................................................................................................................................230
   9.2. About SDI .....................................................................................................................................230
   9.3. Disclaimer ....................................................................................................................................230




                                                                                                                                                             8
 www.strategicdefenceintelligence.com                                                    icdreports@progressivedigitalmedia.com
The US Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017


 LIST OF FIGURES

 Figure 1: US Defense Expenditure (US$ Billion), 2008–2012 ..................................................................................................................................... 22
 Figure 2: US Defense Expenditure (US$ Billion), 2013–2017 ..................................................................................................................................... 23
 Figure 3: US GDP Growth vs. Defense Expenditure Growth vs. Defense Expenditure as Percentage of GDP, 2008–2012 .................................. 25
 Figure 4: USGDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, 2013–2017 ................................. 26
 Figure 5: US Per Capita Defense Expenditure, 2008–2012 ........................................................................................................................................ 27
 Figure 6: US Per Capita Defense Expenditure, 2013–2017 ........................................................................................................................................ 28
 Figure 7:US Defense Budget Split by Base Budget, OCO, and Other Funds (US$ Billion), 2008–2012 .................................................................. 30
 Figure 8: US Defense Budget Split by Base Budget, OCO, and Other Funds (US$ Billion), 2013–2017 ................................................................. 31
 Figure 9: US Defense Budget Split Between Capital and Revenue Expenditure (%), 2008–2012 ............................................................................ 32
 Figure 10: US Defense Budget Split Between Capital and Revenue Expenditure (%), 2013–2017 .......................................................................... 33
 Figure 11: US Defense Expenditure Allocation for Army, Air Force, Navy, and Others (%), 2008–2012 .................................................................. 34
 Figure 12:USDefense Expenditure Allocation for Army, Air Force, Navy, and Others (%), 2013–2017 .................................................................... 35
 Figure 13: US Defense Budget Allocation for Army (US$ billion), 2008–2012 ........................................................................................................... 36
 Figure 14: US Defense Budget Allocation for Army (US$ billion), 2013–2017 ........................................................................................................... 37
 Figure 15: US Defense Budget Allocation for Navy (US$ billion), 2008–2012 ........................................................................................................... 38
 Figure 16: US Defense Budget Allocation for Navy (US$ billion), 2013–2017 ........................................................................................................... 39
 Figure 17: US Defense Budget Allocation for Air Force (US$ billion), 2008–2012 ..................................................................................................... 40
 Figure 18: US Defense Budget Allocation for Air Force (US$ billion), 2013–2017 ..................................................................................................... 41
 Figure 19: US Defense Budget Allocation for Other Expenditure (US$ billion), 2008–2012 ...................................................................................... 42
 Figure 20: US Defense Budget Allocation for Other Expenditure (US$ billion), 2013–2017 ...................................................................................... 43
 Figure 21: US Homeland Security Expenditure (US$ billion), 2008–2012 .................................................................................................................. 44
 Figure 22: US Homeland Security Expenditure (US$ billion), 2013–2017 .................................................................................................................. 45
 Figure 23: SDI Terrorism Heat Map, 2011 ................................................................................................................................................................... 48
 Figure 24: SDI Terrorism Index, 2011 .......................................................................................................................................................................... 49
 Figure 25: Benchmarking with Key Markets – 2007–2011 vs. 2012–2016 ................................................................................................................. 51
 Figure 26: Defense Expenditure of the World‘s Largest Military Spenders (US$ Billion), 2012 and 2017 ................................................................ 52
 Figure 27: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2012 .......................................................................... 53
 Figure 28: Investments in Command, Control, Communications and Computers Systems (US$ billion), 2013 ....................................................... 56
 Figure 29: Funding for Joint Tactical Radio System (US$ Million), 2011–2013 .......................................................................................................... 57
 Figure 30: Funding for WIN-T (US$ million), 2011–2013............................................................................................................................................. 58
 Figure 31: Key Focus Areas: Investments in Air Force Modernization (US$ billion), 2013 ........................................................................................ 59
 Figure 32: Funding for KC-46A New Tanker (US$ million), 2011–2013 ..................................................................................................................... 61
 Figure 33: Funding for C-130J Hercules (US$ Million), 2011–2013 ............................................................................................................................ 62
 Figure 34: Funding for F-35 Joint Strike Force Program (US$ billion), 2011–2013.................................................................................................... 63
 Figure 35: Funding for V-22 Osprey (US$ million), 2011–2013 .................................................................................................................................. 64
 Figure 36: Funding for MQ–1 Predator/MQ–9 Reaper (US$ million), 2011–2013 ...................................................................................................... 66
 Figure 37: Funding for RQ-4 Global Hawk Systems (US$ million), 2011–2013 ......................................................................................................... 67
 Figure 38: Funding for RQ-7 Shadow/ RQ-11 Raven Systems (US$ million), 2011–2013 ........................................................................................ 68
 Figure 39: Funding for AH-64 D Longbow Block 3 (US$ million), 2011–2013 ............................................................................................................ 69
 Figure 40: Funding for CH-47 Chinook (US$ million), 2011–2013 .............................................................................................................................. 70
 Figure 41: Funding for Light Utility Helicopters (US$ million), 2011–2013.................................................................................................................. 71
 Figure 42: Funding for UH-60 Black Hawk (US$ Million), 2011–2013 ........................................................................................................................ 72
 Figure 43: Funding for HH-60M Pave Hawk (US$ million), 2011–2013 ...................................................................................................................... 73
 Figure 44: Funding for E-2D Advanced Hawkeye (US$ Million), 2011–2013 ............................................................................................................. 74
 Figure 45: Funding for F/A-18E/F Super Hornet (US$ million), 2011-2013 ................................................................................................................ 75
 Figure 46: Funding for EA-18G Growler (US$ million), 2011-2013 ............................................................................................................................. 76
 Figure 47: Funding for H–1 Huey/Super Cobra (US$ million), 2011-2013.................................................................................................................. 77
 Figure 48: Funding for MH–60S Fleet Combat Support Helicopter (US$ million), 2011-2013 ................................................................................... 78
 Figure 49: Funding for P-8A Poseidon (US$ billion), 2011-2013 ................................................................................................................................ 79
 Figure 50: Key Focus Areas: Investments in Ground Vehicles (US$ billion), 2013 .................................................................................................... 80
 Figure 51: Funding for Joint Light Tactical Vehicle (US$ million), 2011-2013 ............................................................................................................ 81
 Figure 52: Funding for FHTVs (US$ million), 2011-2013............................................................................................................................................. 83
 Figure 53: Funding for FMTVs (US$ million), 2011-2013 ............................................................................................................................................ 84
 Figure 54: Funding for M-I Abrams Tank Upgrade (US$ million),2011-2013.............................................................................................................. 85



                                                                                                                                                                                                                      9
 www.strategicdefenceintelligence.com                                                                                       icdreports@progressivedigitalmedia.com
The US Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017
 Figure 55: Funding for Stryker Family of Armored Vehicles (US$ million), 2011-2013 .............................................................................................. 86
 Figure 56: Key Focus Areas: Investments in Shipbuilding and Maritime Systems (US$ billion), 2013 ..................................................................... 87
 Figure 57: Funding for Littoral Combat Ship (US$ billion), 2011-2013........................................................................................................................ 89
 Figure 58: Funding for CVN 21 Carrier Replacement (US$ million), 2011-2013 ........................................................................................................ 90
 Figure 59: Funding for Joint High Speed Vessel (US$ million), 2011-2013 ................................................................................................................ 91
 Figure 60: Funding for DDG 51 Aegis Destroyer (US$ billion), 2011-2013 ................................................................................................................ 92
 Figure 61: Funding for SSN 774 Virginia-Class Submarine (US$ billion), 2011-2013 ............................................................................................... 93
 Figure 62: Funding for CVN Refueling Complex Overhaul Program (US$ million), 2011-2013 ................................................................................. 94
 Figure 63: Key Focus Areas: Investments in Missile Defense Systems (US$ billion), 2013 ...................................................................................... 95
 Figure 64: Key Focus Areas: Investments in Munitions and Missiles (US$ billion), 2013 .......................................................................................... 97
 Figure 65: US Defense Import Trend (US$ Million), 2007–2011 ............................................................................................................................... 100
 Figure 66: US Defense Imports by Country (%),2007–2011 ..................................................................................................................................... 101
 Figure 67: US Defense Imports by Category (%), 2007–2011 .................................................................................................................................. 102
 Figure 68: USDefense exports(US$ Million),2007–2011 ........................................................................................................................................... 104
 Figure 69: US Defense Exports by Country (%),2007–2011 ..................................................................................................................................... 105
 Figure 70: US Defense Exports by Category (%),2007–2011 ................................................................................................................................... 106
 Figure 71: Industry Dynamics – Porter‘s Five Forces Analysis ................................................................................................................................. 107
 Figure 72: Lockheed Martin Corp. – Revenue Trend Analysis (US$ billio
				
DOCUMENT INFO
Description: Product Synopsis This report is the result of SDI’s extensive market and company research covering the US defense industry. It provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news. Introduction and Landscape Why was the report written? The US defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the US defense industry. What is the current market landscape and what is changing? With the US defense budget for 2012 valued at US$645.7 billion, the nation has the largest defense market in the world. Due to its high levels of military spending, a large number of opportunities are available to companies keen to supply the nation with defense equipment. However, the US defense budget, which declined at a CAGR of -0.77% during the review period, is expected to record a CAGR of -0.12% over the forecast period, largely due to the financial constraints caused by the global financial crisis. What are the key drivers behind recent market changes? Threats from North Korea and Iran, modernization initiatives, an arms race with China and Russia, ongoing military operations, and the protection of allies are expected to drive the defense spending of the US. The US perceives a potential nuclear threat from Iran and North Korea, through their acquisition of long-range ballistic missiles. The tension between the US and North Korea further increased in November 2010, when the US criticized the attacks carried out by North Korea on South Korea. What makes this report unique and essential to read? The US Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017provides detailed analysis of the current industry size and g
BUY THIS DOCUMENT NOW PRICE: $1250 100% MONEY BACK GUARANTEED
PARTNER ICD Research
With emphasis on Insight, Consultancy and Delivery, iCD Research is a full-service, online market research agency. iCD Research is able to take advantage of all of the efficiencies and benefits that the Internet brings to offer proven research methodologies with fast turnaround and accurate results. iCD Research specialises in qualitative research for large finance, media, retail and entertainment clients. Market leaders in online focus groups, iCD Research has unleashed the full scale of the Internet to run focus groups across the globe for its major institutional clients. Utilising its sister organisation, The iD Factor, iCD Research also delivers strong quantitative research, ranging from ongoing consumer confidence studies through to consumer surveys throughout Europe and Asia. With its roots firmly in research, iCD Research doesn’t limit itself to only utilising online methods as the philosophy at the company is to match the methodology to the respondent. Yet the scale and speed of online research give iCD Research a cutting edge that has lead to tremendous, triple-figure percentage growth over the past two years. iCD Research is headquartered in London, with operational offices in the US and Australia to ensure that it is offering an unparalleled 24 hour service to its clients.