Italy Defence & Security Report Q3 2010: New research report available at Fast Market Research

July 1, 2010 - PRLog -- In the current European economic climate Italy is classed as one of the 'PIIGS' - Portugal-Ireland-Italy- Greece-Spain. These are countries which are sinking deeper into debt and for whom pan-European defence projects are not an immediate priority. Italy had to reduce its defence budget by 7% in 2009, with Spain similarly cutting its expenditure by 6% in 2010 having reduced it by nearly 4% in 2009.

Italy's defence expenditure will increase only slightly in 2010, at EUR25.9bn, compared with EUR25.7bn in 2009. In 2010, R&D and procurement funding is to go up to EUR3.17bn, but the operations account will be reduced by 6.8% to EUR1.76bn. The industry is being bolstered by international projects which should serve to safeguard procurement programmes.

However, exports remain strong with the 2009 export figure of US$588mn well up on US$424mn for 2008 according to the Stockholm International Peace Research Institute. Italy is a major exporter of arms, with Finmeccanica one of the biggest producers of arms in the world, however, a decline in domestic defence spending has resulted in Italian firms shifting more attention to export markets.

In particular, Italian companies are looking further afield beyond Europe and the US for new defence markets. Finmeccanica estimates around EUR4bn in orders from Brazil in the coming years and is planning to expand its business with Algeria, India, Libya, Malaysia and Turkey. In 2009, the company generated revenues of around EUR18bn and won orders worth EUR21bn.

Indeed, there is an increasing trend for Italian firms to enter into collaborative agreements with companies in developing countries by selling them technologies, such as for UAVs, to be used with their domestic products and platforms. This reflects the ongoing tendency of the Italian defence industry to take part in international projects which should serve to safeguard its own procurement programmes.

As of May 2010, Italy has 3,300 troops serving in Afghanistan with the NATO-led international forces. On 17 May, two Italian soldiers were killed and two others seriously injured by an IED attack on a NATO military convoy travelling in northwestern Afghanistan. But President Silvio Berlusconi's government has remained firm in the face of public criticism of Italian participation in the international effort in Afghanistan.

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Report Table of Contents:

Executive Summary
SWOT Analysis
- Italy Security SWOT
- Italy Defence Industry SWOT
- Italy Political SWOT
- Italy Economic SWOT
Global Political Outlook
- United States: Major Tests For Obama In 2010
- Table: Election Timetable, 2010
- Western Europe: Fiscal Austerity Will Be Unpopular
- Central And Eastern Europe: New Governments, Old Problems
- Middle East: Ongoing Challenges
- Africa: The Election Conundrum
- Asia: Broadly Stable, But 'Rogues' Need Vigilance
- Latin America: Political Risks Contained, But Watch Cartels
- Wild Cards To Watch
European Regional Security Overview
Political Overview
- Domestic Politics
Security Risk Analysis
- BMI's Security Ratings
- Table: Europe Security Risk Ratings
- Table: Europe State Terrorism Vulnerability To Terrorism Index
- Italy's Security Risk Ratings
- City Terrorism Rating
- Table: BMI's Western Europe City Terrorism Index
Security Overview
- Internal Security Situation
- Organised Crime
- Latest Developments
- Timeline: Internal Threats
- Table: Italy Insurgent Groups
- External Security Situation
- International Terrorism
- Latest Developments
- Timeline: External Threats
Armed Forces And Government Spending
- Armed Forces
- Table: Western European Armed Forces, 2010
- Defence Posture
- Defence Reform
- International Deployments
- Table: Italy Foreign Deployments
- Co-ordination And Joint Operations
- Weapons Of Mass Destruction
Market Structure
- Arms Trade Overview
- Imports
- Exports
- Defence And Procurement
- Latest Developments
- Timeline: Defence And Procurement
- Table: Italy Defence Key Players
- Industry Background
- Procurement Background
Industry Forecast Scenario
- Armed Forces
- Table: Italy's Armed Forces, 2007-2014 ('000 personnel)
- Government Expenditure
- Table: Italy's Government Expenditure, 2007-2014
- Key Risks To BMI's Forecast Scenario
- Macroeconomic Forecast
- Table: Italy - Economic Activity, 2007-2014
Company Profiles
- Finmeccanica
- AgustaWestland
- Alenia Aeronautica
- Avio
- Fincantieri
- MBDA
Country Snapshot: Italy Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Manufacturing Wages, 2000-2012
Methodology
- How We Generate Our Industry Forecasts
- Defence Industry
- City Terrorism Rating
- Table: Methodology
- Sources

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