Venezuela Poised To Take Over As Top Latin American Arms Buyer
Published: Wed Nov 16th, 2005Source: www.spacewar.com
Over the past year Venezuela has adopted a force structure revitalization program that could be worth as much as $30.7 billion through 2012. If fulfilled, this would make the country the leading arms buyer in the region through the rest of the decade.The revitalization program is being stoked by strong prices for the country's oil exports, which means that Venezuela can finally address pent-up needs to overhaul an aging force structure. However, according to Forecast International Latin America analyst Tom Baranauskas, "The viability of the revitalization program is very much dependent on oil prices remaining strong, with ambitious government plans to increase social spending also likely to be vying for the windfall oil income."
...
The Air Force has a requirement for as many as 50 fighters, with Russian Su-27s or Chinese J-10s reportedly being considered, and for nearly as many Super Tucano turboprop attack/trainer aircraft. The Army needs at least 30 transport and gunship helicopters, and is in talks to buy light armored vehicles, artillery, and various electronics systems. An air defense upgrade program worth at least $150 million has been launched with the purchase of Chinese JYL-1 3-D radars.
» Read the full article...
TAGS:
Recent News Articles
Saturday, November 7, 2009
Thursday, November 5, 2009
Wednesday, November 4, 2009
Tuesday, November 3, 2009
Monday, November 2, 2009
Saturday, October 31, 2009
Wednesday, October 28, 2009
Monday, October 26, 2009
Saturday, October 24, 2009
Friday, October 23, 2009
Wednesday, October 21, 2009
Tuesday, October 20, 2009
Monday, October 19, 2009
Friday, October 16, 2009
Wednesday, October 14, 2009
