Airbus 2010 Annual Report Download - page 52

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THE BIG PICTURE
30
EADS ANNUAL REVIEW 2010
Revised European and United States defence
spending; increased export potential
The United States continues to have by far the biggest
defence budget. According to research from the
Stockholm International Peace Research Institute, the
United States spent US$ 661 billion on its military in
2009, France spent US$ 63.9 billion, the United Kingdom
US$ 58.3 billion, Germany US$ 45.6 billion and Spain
US$ 18.3 billion.
Defence budgets in home countries will experience cuts
over the coming years, although the impact on industry
is not yet clear. In the United States, larger defence
programmes are subject to severe cuts, while other
countries are preferring to seek efficiencies in operations
while protecting investments in new equipment.
As part of its effort to reduce defence spending, Germany
has decided to transform its armed forces into a fully
professional service from 2011.
Emerging countries, however, are spending far more on
defence than ten years ago. Saudi Arabia’s and India’s
budgets have increased by two thirds and Brazil’s by
more than a third.
Defence exports from the European Union and North
America have increased dramatically in recent years to
Turkey, Pakistan, Singapore, the Baltic States, the UAE,
Qatar, Malaysia and Japan.
Changing demand in defence, security & space
Eurofighter A400 M Astra-3B satellite
Defence spending:
European markets vs. emerging markets
(in 2010, in US$ bn)
Emerging markets: Brazil, India, Saudia Arabia, UAE combined
European markets: France, Germany, Italy, UK
250
200
150
100
50
02010 2011 2012 2013 2014 2015
Source: Jane’s defence budget