1. Latest News
  2. Submit Press Release

Market Report, "Italy Defence & Security Report Q4 2010", published

Recently published research from Business Monitor International, "Italy Defence & Security Report Q4 2010", is now available at Fast Market Research

Oct. 14, 2010 - PRLog -- Italy is beginning to struggle underneath a mountain of public debt, which has risen from 115% of GDP in 2009 to 119% in 2010. Furthermore, its fractious politics, ongoing corruption scandals and a problematic coalition have left it in a potentially weak position from which to deal with the lasting effects of the financial crisis. The use of the confidence vote in order to pass a EUR25bn austerity package is emblematic - it is the 36th time this tactic has been used by Berlusconi's government in the past two years.

Given these conditions, Italy had to reduce its defence budget by 7% in 2009, and has further reduced defence spending by 10% for 2011. With the passage of the EUR25bn austerity package in July and the stated aim of reducing the government deficit from 5.9% now to 4.6% by year-end - and to under 3% by 2012 - it appears more government cuts are likely. Of particular note for the defence industry is the budget cut for the Industry Ministry, which has been supporting large scale procurement projects through 'top-up' funds. The headline projects are the Frecia armoured vehicle, FREMM frigates and the Eurofighter. All three of these projects are to expect both cuts and delays in the coming years.

However, the Italian defence industry is not suffering in a way that this news may suggest. Finnmeccanica's CEO Pierfrancesco Guarguaglini revealed a series of significant developments for the company, which is the largest defence firm in Italy. He predicts that emerging markets will at least pick up any slack in European or domestic arms consumption - and will be worth EUR6.5bn during 2011. The expectation is that during 2011, less than half of the company's orders will come from traditional 'home' nations - the US, the UK and Italy. In revealing the price tags placed on some recent high-profile deals, the CEO stated clearly that the company is on target for solid results for the remainder of 2010 and 2011. With over EUR1bn of expected orders in the future from both Libya and Brazil, and an activist role for an interested stake-holder Government, capacity is unlikely to dramatically fall.

As of August, Italy had 3,400 troops in Afghanistan serving with ISAF forces, based in Herat province. In August, two further Italian troops were killed by an IED in the west of Afghanistan. The Italian government has reported that they were bomb disposal experts, who had successfully defused another IED. This brings the total of killed soldiers and diplomats to 26, since the beginning of 2004. During August, the threshold of 2,000 troops killed in Afghanistan was reached. However, July deaths were substantially down from June, leaving some hope that the insurgency is losing intensity.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/87945_italy_defence_security_r...

Report Table of Contents:

Executive Summary
SWOT Analysis
- Italy Security SWOT
- Italy Defence Industry SWOT
- Political SWOT
- Economic SWOT
Global Political Outlook
- Global Hotspots
- Table: Election Timetable, H210-2011
- United States: Obama To Be Tested By Mid-Term Elections
- Latin America: Beyond Lula
- Western Europe: All About Austerity
- Central Europe: New Governments To Be Tested
- South-East Europe: Turkey's Ongoing Evolution
- Russia And The Former Soviet Union: Focus On Security
- Middle East: Ongoing Challenges
- Sub-Saharan Africa: The Election Conundrum
- Asia: The Usual Risks Prevail
- Wild Cards To Watch
Western Europe Overview
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
- 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: Annual Data
- Key Risks To BMI's Forecast Scenario
- Macroeconomic Forecast
- Table: Italy - Economic Activity
Company Profiles
- Finmeccanica
- AgustaWestland
- Alenia Aeronautica
- Avio
- Fincantieri
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
- How We Generate Our Industry Forecasts
- Defence Industry
- City Terrorism Rating
- Table: Methodology
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

--- End ---

Click to Share

Contact Email:
***@fastmr.com Email Verified
Source:Fast Market Research
Location:Massachusetts - United States
Industry:Defense, Government, Research
Tags:Defence, Security, Terrorism, Armed, Ratings, Procurement, City, Italian, Troops, Projects
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “


Trending News...

Like PRLog?
Click to Share