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Defence Modernization Needs Generate Market Opportunities for Foreign Weapon Suppliers
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The Latin American defence market is an attractive market for the defence suppliers during the forecast period (2012–2021). Stable market revenue is mainly driven by the strong need to replace legacy defence platforms. On the other hand, defence procurement projects offer the Latin American countries the opportunity to not only increase security but also improve the capabilities of local defence industry due to the technology transfer and partnerships with foreign suppliers.
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