Industry Analysis & Industry Trends
While the US government will cut funding on tank and armored vehicle manufacturing, demand from foreign governments will help offset a major decline. Still, over the next five years, revenue will shrink marginally, as several factors cut into growth. In particular, the army is set to cut its procurement budget for industry items, resulting in lower demand... purchase to read more
Industry Report - Industry Analysis Chapter
The Tank and Armored Vehicle Manufacturing industry is sensitive to federal funding for defense, the threat of terrorist attacks, US and international security levels and the price of materials such as steel. When the United States entered conflicts in Iraq and Afghanistan, spending on armored vehicles and tanks increased, resulting in substantial revenue gains. Growth in the number of coalition military fatalities in Afghanistan over the past five years, and in Iraq through 2007, also led to an increase in spending for additional armor in existing military vehicle fleets. Nevertheless, over more recent years, the industry's performance has deteriorated as defense budgets faced cutbacks due to the withdrawal of military personnel from conflict zones... purchase to read more