End of an Epoch

by Stuart Slade, Senior Naval Systems Analyst, Forecast International.

Decommissioning of the Almirante Grau
Source: Peruvian Navy

Five hundred years of naval history ended in late September when the world’s last armored, gun-armed cruiser was decommissioned by the Peruvian Navy.  The Navy’s long-time flagship BAP (Buque Armada Peruana) Almirante Grau lowered her flag for the last time after 45 years of service.  With her departure, the world’s last warship designed primarily as a platform for her guns is gone and a line of development stretching back to the 15th century has ended.  The BAP Almirante Grau was replaced as fleet flagship by BAP Montero, a Carvajal class frigate built by Servicios Industriales de la Marina (SIMA) and commissioned into the Navy in 1984. 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

Peru Maintains Vigilance, Continues Participation in International Missions

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

1411707-peru-flag-2014

Overall, Peru is a nation at peace.  Although Peru has a history of warfare with its neighbors, the country has largely peaceful borders at this time, reducing the need for its military to act as a deterrent against foreign forces.  Peru has even improved relations with its most recent opponent on the battlefield, Ecuador.  When Ecuador was hit by an earthquake on April 18, 2016, Peru responded by sending soldiers and equipment to aid its neighbor. Continue reading