CHANGI, SINGAPORE – With U.S. defense companies seeking an increased share of growing Asia Pacific military budgets, U.S. government officials from the Departments of Defense, State, and Commerce were present at the Singapore Airshow to support U.S. defense industry executives. With the recognition that promoting American industry in the region can provide bottom line international growth, as the Pentagon faces budget cuts, “(w)e are seeing the U.S. government transitioning from a department-by-department approach to an air show to more of a Team USA approach,” commented Dak Hardwick, Director of International Affairs at AIA.
Defense spending in the region has grown, first and foremost as a result of China’s impressive defense modernization, as well as its neighbors’ response to these developments…”–Alek Jovovic
In “Defense Industry’s Team USA on the Ground in Singapore,” National Defense reports that “Over the next five years, Avascent projects $380 billion in defense investments by Asia’s leading markets such as Japan, India, South Korea and Australia. “Roughly a third of these funds remains uncommitted to specific providers or programs, making the region highly attractive to global defense and aerospace firms.”
In order to better facilitate U.S. defense sales to countries in the region, the Obama administration has been modifying export regulations since 2009, in order to render U.S. bids more competitive. However, U.S. officials warn that these changes do not signal a liberalization of arms sales.
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