PRLog (Press Release) – May 19, 2011 – Global Markets Direct is a global market intelligence services company providing information research and analysis products and services.
Global Markets Direct has added a new report Germany Defence and Security Report Q3 2010 to its market research offerings. The German economy contracted by 5% in 2009 and its overall budget deficit will substantially increase, to 5.5% of GDP, for 2010. The recession has been compounded by the Greek crisis and growing massive deficits in the eurozone, with Germany to contribute EUR22.4bn (US$29.6bn) over the next three years towards the Greek rescue package. Defence spending for 2010 is therefore expected to be reduced by 1.5%, amounting to EUR450mn less for big defence projects – such as the EADS A400M and EADS/Finmeccanica NH90 helicopter. Nevertheless, in March 2010 NATO Secretary General Anders Fogh Rasmussen at a security conference in Brussels called for Germany and Spain, which still spend less than the NATO military spending target, to increase their investment in defence – including pledged contributions towards missile defence. But cutting back on defence is policy which is growing in popularity considering the German public's opposition to the country's involvement in the Afghanistan war, and especially oled technology on mobile phone since the deaths of six German soldiers in two separate insurgent attacks at Easter and the accidental killing of five Afghan soldiers by German troops in a friendly-fire incident in April. Despite that opposition, and with defence spending set to decline even further, the country is still committed to the Afghanistan campaign. In February, the country sent a further 850 troops to join the ISAF, raising the total number to 5,350. Of the extra soldiers, 350 comprise a flexible reserve for special missions. The German coalition government also plans to reinforce troops involved in training Afghan security personnel from 280 to 1,400 and has earmarked EUR50mn for an international reintegration fund, to run until 2015. Drawdown of German troops is planned to begin in mid-2011. By March 2010, the Airbus A400M had exceeded its budget by at least EUR7bn, and on the 7th of that month a long-awaited agreement was reached in Germany between the customer nations to break the deadlock in the vastly overspent project. According to the agreement, pan-European defence company EADS will see the price of the contract increased by EUR2bn, while all damages payments related to current delays will be waived. In addition, pre-delivery payment dates will be accelerated in the 2010- 2014 period. As of early April, some 184 A400Ms had been ordered by eight countries, with Chile a possible further customer. But BMI warns that Germany – along with the other high-spending European countries, the UK and France – are currently not in a good position to bear the main burden for pan-European defence projects. On the security front, in May, one of Germany's most wanted Islamic terrorist suspects, German-born Muslim convert, Eric Breininger was reported as having been killed in a battle with Pakistani soldiers near the Afghan border. He had been associated with the Sauerland Group, members of which were convicted of trying to blow up US facilities in Germany.
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This report offers you:
Benchmark BMI's Independent 5-year Defence & my photo and wallpaper amp; Security Industry Forecast on Germany to test other views - a key input for successful budgetary and strategic business planning in the German defence and security market. Target Business Opportunities & Risks in the German Defence & Security Sector through reviews - and major deals, projects and investments in Germany. Exploit The Latest Competitive German Defence & Security 1086274749 Intelligence & Company SWOTS on your peers and competitors through company rankings by sales, market share, investments and leading products and services.
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