Increasingly, US firms have enabled companies in other countries to jump start their defense industrial bases. We see this increasingly gathering speed as many of those countries are starting to compete in the international defense marketplace on their own.” –Doug BerensonAvascent Managing Director and Avascent Analytics leader Doug Berenson recently sat down with Aaron Mehta of Defense News TV to discuss the changing dynamics of global arms sales. Berenson highlighted three main potential competitors to the United States’ dominance of the market: Israel, South Korea, and Brazil and the steps they are taking in their R&D efforts to compete in the military marketplace.
The interview comes off the back of Avascent’s Dynamics of International Military Modernization 2016 white paper, which analyzes international defense spending patterns that indicate new global players threaten the longstanding primacy of U.S. and European defense suppliers.
Watch the full interview here.