Will the US government stick to their defence budget, or will current campaigns over seas require more investment?

The US has the largest defence market in the world and in 2012 the US defence budget stood at US$645.7 billion. Expenditure is primarily driven by the modernisation of existing weapon systems as well as the acquisition of advanced defence equipment capable of enhancing interoperability among the armed forces. Due to it's high levels of military spending, a large number of opportunities are available to companies keen to supply the nation with defence equipment. However, pressure to reduce the debt  burden after the US financial crisis, has shown a negative impact on the government budget and caused cuts in the defence budget as well. 

The report, Future of the US Defence Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2017, examines and explores the current trends within the US defence market in more detail. 

The US Army has identified its priorities for equipment to support Afghanistan and future warfare ahead of the ratification of the Army's fiscal year 2014 Equipment Modernisation Plan. Command, Control, Communications, Computers and Intelligence (C4l) systems, rank high among the technologies identified as a high priority. These include the US$1.3 billion Warfighter Information Network-Tactical Programme, Family of Networked Tactical Radios, Joint Battle Command-Platform, Distributed Common Ground System-Army, and the Nett Warrior system. 

With the survivability of ground troops still a concern as operations wind down in Afghanistan, modern armoured vehicles remain a priority.  

For more information about this report, click here.

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