PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Defence Industry to Benefit from Promising Polish and Ukrainian Markets Says Frost & Sullivan - The CEE market will remain stable with defence expenditure growing from 17.5 billion USD in 2011 to 17.9 billion USD in 2020
Defence Industry to Benefit from Promising Polish and Ukrainian Markets Says Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2011/10/12 - The CEE market will remain stable with defence expenditure growing from 17.5 billion USD in 2011 to 17.9 billion USD in 2020.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Military/Defense/Homeland Security Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The Visegrad Group of countries, namely the Czech Republic, Hungary, Poland, and Slovakia, after joining the North Atlantic Treaty Organization (NATO) have been focusing on modernisation and replacement of Soviet-era weapons and defence equipment to meet NATO interoperability criteria. The global economic downturn and limited defence expenditure have slowed down this process. Nevertheless, thanks to Polish procurement programmes and Ukraine's ambitious Navy plans, the defence industry in the Central & Eastern Europe (CEE) region should remain secure, with a slight growth in expected expenditure from 17.5 billion USD in 2011 to 17.9 billion USD in 2020.

Most Ministries of Defence (MoDs) in Europe are currently underfinanced. The majority of armed forces in the CEE region suffer from consistent budget shortfalls and lack of foresight in procurement planning. Large proportions of equipment stocks are reaching the end of their operational life spans, but MoDs will be unable to finance all planned modernisation programmes. In contrast to the most CEE countries, the situation in Poland looks rather promising.

"Poland is to continue being the regional leader in terms of defence spending," says Dominik Kimla, Frost & Sullivan's Industry Analyst for Aerospace, Defence & Security group. Already the main contributor to the defence expenditure in the CEE region, the country is expected to increase its share from 52.1 per cent in 2011 to 55.4 per cent in 2020. One of the key market drivers is the Polish government's legal commitment to allocate 1.95 percent of the previous year's gross domestic product to defence spend.

Under 2009 procurement plans, the Polish MoD envisages spending of almost 11 billion USD (30 billion PLN) by 2018 on defence equipment in the form of 14 ongoing programmes. Polish utility helicopter and air defence system projects will be the biggest defence tenders in the CEE region. There is also a great market opportunity in support-in-service (SIS) outsourcing. Frost & Sullivan estimates that outsourced SIS expenditure in Poland will reach 4.09 billion USD by 2020.

"Upcoming privatisation of the defence industry in Poland will also bolster growth," adds Kimla. The state-owned Bumar Group is undergoing a significant restructuring and consolidation process and the government plans to sell a minority stake of the Poland biggest defence industry player by mid-2013. Moreover, the aviation industry attracts many foreign investors; the upcoming utility helicopter tender is estimated to amount at least 2 billion USD – the bidding decision is to be made after the October 2011 election.

"Ukraine will also significantly contribute to the CEE defence industry," states Kimla. "The country's defence industry inherited a better developed manufacturing base than others in the region, as a legacy of the Soviet Union. Even though approximately 20 per cent of the defence sector export is going to Russia, Ukrainian companies have been looking to collaborate with Western European suppliers."

The most promising project in terms of Ukrainian–Western European defence industry cooperation is the Ukrainian Navy's corvette programme to introduce 4 new corvettes by 2021, with an expected value of 2 billion USD. Lack of advanced naval technology creates an opportunity for foreign suppliers to provide up to 80 per cent of the corvettes' components. "Cooperation in this upcoming programme can create a base for future defence projects after 2016, when the country financial situation improves," notes Kimla.

"Overall, Poland's 11 billion USD (30 billion PLN) modernization program presents many opportunities for the European industry players. Defence companies should consider participation in the upcoming initial public offering of Bumar Group to establish or develop a strong footprint in the CEE region and increase their chances to win planned defence tenders. The Ukrainian Navy's corvette programme too should be also carefully analyzed since it creates an opportunity for Western suppliers to provide significant proportion of the corvettes' components," summarizes Dominik Kimla.

If you would like to learn more about Defence market in the CEE region and/or would like to obtain a free copy of the Frost & Sullivan Market Insight on "How Poland and Ukraine Provide Significant Opportunities for the Defence Industry", please contact Joanna Lewandowska, Corporate Communications, at Joanna.lewandowska[.]frost.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Military/Defense/Homeland Security Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Military/Defense/Homeland Security articles,
CATCH Visitors via Your Competitors Announcements!


Defence Industry to Benefit from Promising Polish and Ukrainian Markets Says Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Joanna Lewandowska 
+48 22 481 62 20 joanna.lewandowska[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Military/Defense/Homeland Security via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Military/Defense/Homeland Security Most Recent Related Newswires:

GE Showcases Innovative and Efficient Solutions for International Workboat Show
Leonardo - Life Flight Network of US Orders Two Additional AW119Kx Helicopters
DCNS Announces Partnership with Indigenous Defence Consortium
Thales to Upgrade Collins Submarine with Latest Generation Sonar Systems
Leonardo Inaugurates New Maritime Navigation Support Centre At Izmit in Turkey
Leonardo to Exhibit At PMR Expo Following A String of Professional Mobile Radio Successes in 2016
First Royal Navy AW101 Merlin Mk4 Makes its Maiden Flight
Leonardo Wins Contract to Secure the Port of Pointe Noire in the Republic of Congo
Safran’s Sigma 30 Artillery Navigation and Pointing System Wins New Export Contract
Leonardo Demonstrates C-27J Capabilities in Latin America
DCNS/OpenHydro to Partner with PT AIR to Develop Indonesian Tidal Energy Industry
Leonardo's SAGE ESM Enters Service on Indonesian Air Force CN-235 Maritime Patrol Aircraft
DCNS Present At IndoDefence 2016
Leonardo Welcomes Raytheon's Selection of U.S Site to Assemble the Air Force Jet Trainer
New HE-MRO Centre will Support Indian Helicopter Operators

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)