Chu, Jeff
November 2013
PM Network;Nov2013, Vol. 27 Issue 11, p16
Trade Publication
The article discusses the slowing in the growth of the defense industry in 2013. The author notes that many defense contractors avoided the effect of the economic crisis due to wartime needs in Iraq, Afghanistan and other areas of conflict as the U.S. military invested in drone and tank projects from 2002 to 2011. Data from Stockholm International Peace Research Institute showed that the annual growth rate in defense expenditure slowed in every region except the Middle East and North Africa.


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