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April 07, 2009
Praeparet bellum
Israeli Military Industry (IMI) has signed a "whopping" $240-million agreement to build five artillery munition factories in India over a period of three years. Aside from being newsworthy in itself, the linked article offers an interesting observation about military procurement after the credit crunch.
The firm’s CEO Avi Felder said the global economic crisis would change the procurement pattern by the world’s leading militaries, which would switch to upgrading existing weapons platforms on short timetables instead of massive investment in new facilities that would take a long time to develop and deliver.
This could be a problem. It is not as though an Obama administration needs excuses to cut long term weapons development and procurement.
Posted by Ghost of a flea at April 7, 2009 09:21 AM
