No, Argentina Will Not Be Spending $2 Billion on Military Equipment

by William Ostrove and Shaun McDougall, Forecast International Military Market Analysts 

F-16 Fighting Falcon is on the wish list

Recent reports in the Argentine press indicate that the country has plans to purchase over $2 billion worth of military equipment over the next few years. In a letter leaked to El Destape, Argentine ambassador to the U.S., Martin Lousteau, listed equipment needed by the Argentine Army and Air Force to conduct peacekeeping missions, combat terrorism, and counter illegal trafficking. The list, which would be the envy of even the best-equipped militaries, included F-16 fighter jets, Stryker armored vehicles, air surveillance radar systems, AH-1 Cobra Helicopters, UH-60 and CH-47 transport helicopters, and anti-tank weaponry. Continue reading

Top Eight Countries Dominate Defense Spending in Latin America

by Bill Ostrove, International Military Markets Analyst, Forecast International.

Defense spending in Latin America will remain strong between 2017 and 2021. While allocations will not be as high as in other regions, economies are expected to slowly improve after years of commodity price declines, giving governments more resources for defense. At the same time, governments will continue to battle violent gangs and illegal trafficking. Continue reading

In a Sensible Move, Argentina’s Defense Minister Decides Not to Purchase Supersonic Jets

by Bill Ostrove, International Military Markets Analyst, Forecast International.

Argentina IA-58 Pucara. Source: Wikipedia/Rob Schleiffert

Argentine Minister of Defense Julio Martinez has ruled out the purchase of supersonic fighter jets for the Argentine Air Force. The defense minister made his announcement on February 1 during an interview with Argentina’s Radio El Mundo.

Argentina has been searching for new supersonic fighter jets since it retired its Mirage IIIs in November 2015. The search has been wide-ranging, with Buenos Aires searching the world for both new and secondhand fighters. Continue reading

Crime and Internal Strife Remain Greatest Drivers of Military Spending in Latin America

by Bill Ostrove, International Military Markets Analyst, Forecast International.

Georgia Army National Guard provides CQB/MOUT [close quarters combat and military operations on urbanized terrain] weapons handling instruction with two soldiers from the Guatemalan Interagency Task Force.  Photo: Georgia National Guard

The greatest threat to most Latin American governments is internal.  Even though transitioning to a democracy and using effective counterinsurgency strategies have successfully defeated – or at least defused  – several insurgencies, the risk of guerrilla activity remains.  This is especially true in Colombia and, to a lesser extent, Peru.  In Mexico and Central America, violent gangs have forced a military response. Continue reading