Stockholm, Sweden (UPI) Nov 11, 2010
Fighter jets are the hottest items in the global arms sector, a Swedish defense industry watchdog said.
Sales of combat jets and their related components accounted for 34 percent of the global arms market from 2005-09, the Stockholm International Peace Research Institute said in a study released Wednesday.
"Combat aircraft dominate international arms transfers," writes Siemon Wezeman, the author of the study. It comes shortly before Air Show China 2010 opens next week in Zhuhai and as Saudi Arabia, Brazil and India are all looking to complete major aircraft purchases.
The study warns that an increase in combat jet deals can have a destabilizing effect on the regions where they're deployed in large numbers.
"While combat aircraft are often presented as one of the most important weapons needed for defense, these same aircraft give countries possessing them the potential to easily and with little warning strike deep into neighboring countries," he said in a statement.
SIPRI didn't specify the total sales volumes of the combat aircraft market. It noted that prices for advanced combat aircraft start at around $40 million per plane, with jet sales usually accounting for a significant share of a country's arms exports.
However, it's hard to pin down an exact sales price. SIPRI cited a Jane's Defense Weekly report showing that as Norway calculated a price of $54 million for each American-made F-35 fighter, the U.S. Defense Department reported a price of $97 million per unit.
For the buyers, large-scale contracts meanwhile tend to weigh heavy on national budgets.
"Even for rich countries, the acquisition of such expensive systems may shape the direction of defense policy and doctrine for many years -- once bought, countries are unlikely to dispose of such high-value assets quickly," the report said.
India, the United Arab Emirates and Israel were the three largest importers of combat jets from 2005 until 2009, SIPRI said.
Russia and the United States were the most successful suppliers, with about two-thirds of all combat jets delivered by those two countries. Only nine other countries are currently producing combat jets. China, France, India, Japan and Sweden build them nationally, while Germany, Italy, Spain and the United Kingdom have teamed up for the production of the Eurofighter Typhoon.
SIPRI says Saudi Arabia paid $6 billion-$7 billion for 72 Eurofighter jets, with Australia handing the United States an estimated $4.8 billion for 24 F/A-18E planes.
Meanwhile, other lucrative contracts are up for grabs: France's Dassault Rafale, Sweden's Gripen NG by Saab and the U.S.-made F/A-18 Super Hornet by Boeing are all competing for a major contract to outfit the Brazilian armed forces with 36 new fighter jets.
Share This Article With Planet Earth
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com
India flight tests Kaveri engine in Russia
New Delhi (UPI) Nov 11, 2010
India has successfully flight-tested its Kaveri jet engine using an Ilyushin Il-76 transport as a test bed flown in Russia. "The engine was tested from takeoff to landing and flew for a period of over one hour up to at an altitude of [19,700 feet] at a speed of Mach 0.6 in its maiden flight," a statement by India's defense ministry said. "The engine control, performance and healt ... read more
Japanese Troops Successful In Patriot Test Firings|
Israel halts missile shield deployment
Turkey against NATO missile shield targeting Iran
NATO Defense Shield In Turkey May Threaten Iran, Russia
UAE Missile Deal Worth 140 Million Announced
Pentagon says vapor trail from an aircraft, not a missile
Iran to test own S-300 missiles despite Russia: commander
Mystery missile vapor trail stumps Pentagon
Kestrel Supports Project NANKEEN In Afghanistan
Multi-Purpose UAVs To Get NG STARLite Radars
US drone strikes kill nine militants in Pakistan
LM TRACER Begins Test Flights Aboard Predator B MQ-9 UAS
Northrop Grumman Bids for Marine Corps Common Aviation CnC
DSP Satellite System Celebrates 40 Years
ManTech Awarded US Army Contract To Provide ECCS In Afghanistan
Hughes Undergoing Wideband Global SATCOM Certification
Eye In The Sky Has The Sniper On Target
Boeing Receives Small Diameter Bomb Contract Extension
Snecma Signs Partnership Agreement With French Military Aircraft MRO Arm
Display System Concept For Elbit Systems Mission Training Center Approved
U.S. wins defense boost in India
Suicide rates soar among US veterans: official
Fighter jets top global arms sales
India flight tests Kaveri engine in Russia
US to boost weapons stockpile in Israel: report
Chinese, US leaders vow to work together
Ex-Chinese leader doesn't 'trust' Bible: Bush
Walker's World: Planning NATO Mark 3
Boeing Installing Beam Control System On HEL Laser Demonstrator
Maritime Laser System Shows Higher Lethality At Longer Ranges
Northrop Grumman To Increase Efficiency For Next-Gen Military Laser Technology
Boeing Receives Task Order For Design Of Free Electron Laser Lab Demonstrator
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|