Czech Republic Defence & Security Report 2015 - New Report Available

New Defense research report from Business Monitor International is now available from Fast Market Research

[USPRwire, Mon Dec 08 2014] The Czech Republic is to continue to benefit from its membership in both NATO and the EU, both in terms of the capability of its armed forces , and the breadth and capacity of its defence industry. Budgetary constraints are to keep troop levels and budgetary allocation stagnant for the foreseeable future. This in turn will result in little growth in the domestic arms market, although international sales of training aircraft continue to perform well. As part of the EU and NATO, and with a small international presence, the Czech Republic has few threats to its security, although the rise of the far-right is an issue we continue to monitor.

The Czech Republic is expected to spend up to USD2.1bn on defence in 2015, according to BMI's forecasting. The past four years has seen a reduction in defence spending as the country has grappled with wider government spending and economic challenges. We do not expect defence spending in the Czech Republic to increase significantly over the remainder of the forecast period, up to and including 2018, by which time we expect annual defence spending to have reached USD2.6bn.

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Despite the small size of the country's armed forces, the Czech Republic boasts a significant defence manufacturing base. This has helped to ensure that the country remain a net exporter of materiel, enjoying a defence trade surplus since the commencement of the decade. Historically, the country has developed niches in the supply of small arms and light weapons along with military vehicles. The country is also one of the few globally which manufacture jet trainer aircrafts. While the Czech Republic can be considered a significant exporter of materiel, it also imports significant quantities of equipment. Despite the country having notable competencies in the fields of land forces equipment production and aircraft manufacture, it still has to source some platforms and subsystems from abroad.

As one of the most politically stable countries in...

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